Exhibit 4.9


 





EXECUTION VERSION





	 









 


CO-LENDER AGREEMENT


 


Dated as of May 7, 2018


 


between


 


DEUTSCHE BANK AG, NEW YORK BRANCH 


(Note A-1 Holder) 


and 


WELLS FARGO BANK, NATIONAL ASSOCIATION 


(Note A-2 Holder) 


and 


WELLS FARGO BANK, NATIONAL ASSOCIATION
(Note A-3 Holder) 


and 


DEUTSCHE BANK AG, NEW YORK BRANCH 


(Note A-4 Holder) 


and 


DEUTSCHE BANK AG, NEW YORK BRANCH 


(Note A-5 Holder) 


and 


BARCLAYS BANK PLC 


(Note A-6-1 Holder) 


and 


BARCLAYS BANK PLC 


(Note A-6-2 Holder)


 


181 Fremont 


	 


 






     


     


    

 





TABLE OF CONTENTS


 


Page


 




	1.        Definitions; Conflicts.	2
	2.        Servicing of the Mortgage Loan.	16
	3.        Priority of  Notes.	18
	4.        Workout.	18
	5.        Accounts; Payment Procedure.	19
	6.        Limitation on Liability.	20
	7.        Representations of the Holders.	20
	8.        Independent Analyses of each Holder.	21
	9.        No Creation of a Partnership or Exclusive Purchase Right.	21
	10.      Not a Security.	22
	11.      Other Business Activities of the Holders.	22
	12.      Transfer of Notes.	22
	13.      Exercise of Remedies by the Servicer.	24
	14.      Rights of the Directing Holder.	26
	15.      Appointment of Special Servicer.	27
	16.      Rights of the Non-Directing Holders.	28
	17.      Advances; Reimbursement of Advances.	29
	18.      Provisions Relating to Securitization.	30
	19.      Governing Law; Waiver of Jury Trial.	36
	20.      Modifications.	36
	21.      Successors and Assigns; Third Party Beneficiaries.	36
	22.      Counterparts.	36
	23.      Captions.	36
	24.      Notices.	37
	25.      Custody of Mortgage Loan Documents.	37
	26.      Previous Co-Lender Agreement.	37


 






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THIS CO-LENDER AGREEMENT
(the “Agreement”), dated as of May 7, 2018, is between DEUTSCHE BANK AG, NEW YORK BRANCH (“DBNY”),
a branch of Deutsche Bank AG, a German Bank, having an address at 60 Wall Street, 10th Floor, New York, New York 10005,
as the holder of Note A-1, DBNY as the holder of Note A-4, and DBNY as the holder of Note A-5, WELLS FARGO BANK, NATIONAL ASSOCIATION
(“Wells”), national banking association, having an address of 375 Park Avenue, 2nd Floor J0127-023, New
York, New York 10152, as the holder of Note A-2 and Note A-3) and BARCLAYS BANK
PLC, a public company registered in England and Wales, having an address at 745 Seventh Avenue, New York, New York 10019
(“Barclays” and together with DBNY, the “Lender”) as the holder of Note A-6-1 and Note A-6-2.


 


W I T N E S S E T H:


 


WHEREAS, the Lender has
made a mortgage loan in the original principal amount of $250,000,000 (the “Mortgage Loan”) to 181 Fremont Office
LLC, a Delaware limited liability company (the “Borrower”) pursuant to a loan agreement between the Borrower,
as borrower, and the Lender, as lender, dated as of March 29, 2018 (the “Loan Agreement”);


 


WHEREAS, the Mortgage
Loan is evidenced by seven notes, Promissory Note A-1 in the original principal amount of $50,000,000, Promissory Note A-2 in the
original principal amount of $50,000,000, Promissory Note A-3 in the original principal amount of $30,000,000, Promissory Note
A-4 in the original principal amount of $30,000,000, Promissory Note A-5 in the original principal amount of $40,000,000, Promissory
Note A-6-1 in the original principal amount of $30,000,000 and Promissory Note A-6-2 in the original principal amount of $20,000,000
(“Note A-1,” “Note A-2”, “Note A-3”, “Note A-4”, “Note
A-5”, “Note A-6-1”, “Note A-6-2”, respectively, and individually, each, a “Note”
and collectively the “Notes”);


 


WHEREAS, Wells
acquired Note A-2 and Note A-3 from DBNY on the date hereof pursuant to that Mortgage Loan Purchase Agreement, between DBNY,
as seller, and Wells, as purchaser, and reallocated the principal between such Notes such that Note A-2 is in the principal
amount of $58,000,000 and Note A-3 is in the principal amount of $22,000,000;


 


WHEREAS, the Mortgage
Loan is secured by a first mortgage lien (the “Mortgage”) on the property known as 181 Fremont Street (the “Mortgaged
Property”);


 


WHEREAS, DBNY intends,
but is not bound, to sell, transfer and assign its right, title and interest in and to Note A-1 to German American Capital Corporation
(“GACC”) and GACC intends to transfer its right, title and interest in and to Note A-1 to the depositor under
the Note A-1 PSA, as depositor, pursuant to a Mortgage Loan Purchase Agreement by and between the depositor under the Note A-1
PSA, as purchaser, and GACC, as seller, and the depositor under the Note A-1 PSA intends to transfer its right, title and interest
in and to Note A-1 to a trustee under a pooling and servicing agreement (the “Note A-1 PSA”) (such sales, transfers
and assignments, the “Note A-1 Securitization”);


 


WHEREAS, each of the
Holders of Note A-2, Note A-3, Note A-4, Note A-5 and Note A-6-2 intends, but is not bound, to sell transfer and assign all or
a portion of its right, title and interest in and to Note A-2, Note A-3, Note A-4, Note A-5 and Note A-6-2 to an affiliate or


 






     


     


    

 


to
one or more depositors who will in turn transfer the same to one or more trusts as part of the securitization of one or more mortgage
loans;


 


WHEREAS, Barclays intends,
but is not bound, to transfer its right, title and interest in and to Note A-6-1 to Wells Fargo Commercial Mortgage Securities,
Inc. (“WFCM”), as depositor, pursuant to a Mortgage Loan Purchase Agreement, by and between WFCM, as purchaser,
and Barclays as seller, and WFCM intends to transfer its right, title and interest in and to Note A-6-1 to Wilmington Trust, National
Association, as trustee for the WFCM 2018-C44 Mortgage Trust under a pooling and servicing agreement, dated as of May 1, 2018 (the
“Note A-6-1 PSA”), between WFCM, as depositor, Wells Fargo Bank, National Association, as general master servicer,
Rialto Capital Advisors, LLC, as general special servicer, Wilmington Trust, National Association, as trustee, Wells Fargo Bank,
National Association, as certificate administrator, certificate registrar and custodian, and Pentalpha Surveillance LLC, as operating
advisor and asset representations reviewer (such sales, transfers and assignments, the “Note A-6-1 Securitization”);
and


 


WHEREAS, the parties
hereto desire to enter into this Agreement to memorialize the terms under which they, and their successors and assigns, shall hold
Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6-1 and Note A-6-2 respectively;


 


NOW, THEREFORE, in consideration
of the mutual covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the parties hereto mutually agree as follows:


 


1.            
Definitions; Conflicts.


 


References to a “Section”
or the “recitals” are, unless otherwise specified, to a Section or the recitals of this Agreement. Capitalized terms
used but not otherwise defined herein shall have the meanings ascribed thereto, or terms of substantially similar import, in the
Servicing Agreement. To the extent of any inconsistency between this Agreement and the Servicing Agreement, the terms of this Agreement
shall control. Whenever used in this Agreement, the following terms shall have the respective meanings set forth below unless the
context clearly requires otherwise.


 


“Acceptable
Insurance Default” shall have the meaning assigned to such term or analogous term in the Servicing Agreement.


 


“Advance”
shall mean any P&I Advance or Property Advance made with respect to any of the Notes, the Mortgage Loan or the Mortgaged Property
pursuant to the Note A-1 PSA, the Note A-2 PSA, the Note A-3 PSA, the Note A-4 PSA, the Note A-5 PSA, the Note A-6-1 PSA and the
Note A-6-2 PSA.


 


“Affiliate”
shall mean with respect to any specified Person, any other Person Controlling or Controlled by or under common Control with such
specified Person.


 






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“Agreement”
shall mean this Co-Lender Agreement, the exhibits and schedules hereto, and all amendments hereof and supplements hereto.


 


“Asset Review”
shall mean any review of representations and warranties conducted by a Non-Lead Asset Representations Reviewer under a Non-Lead
Servicing Agreement, as contemplated by Item 1101(m) of Regulation AB.


 


“Barclays”
shall have the meaning assigned to such term in the preamble to this Agreement.


 


“Borrower”
shall have the meaning assigned to such term in the recitals.


 


“Borrower Party
Affiliate”: With respect to a borrower, a mortgagor, a manager of a Mortgaged Property or a restricted mezzanine holder,
(a) any other person controlling or controlled by or under common control with such borrower, mortgagor, manager or restricted
mezzanine holder, as applicable, (b) any other person owning, directly or indirectly, 25% or more of the beneficial interests in
such borrower, mortgagor or manager, as applicable, or (c) any other person owning, directly or indirectly, 25% or more of the
beneficial interests in such restricted mezzanine holder. For the purposes of this definition, (1) ”control” when
used with respect to any specified person means the power to direct the management and policies of such person, directly or indirectly,
whether through the ownership of voting securities, by contract or otherwise and the terms “controlling” and “controlled”
have meanings correlative to the foregoing and (2) ”restricted mezzanine lender” includes “accelerated mezzanine
loan lender” or such other similar term as used in the Servicing Agreement.


 


“Business Day”
shall have the meaning assigned to such term in the Servicing Agreement.


 


“CLO Asset Manager”
shall mean, with respect to any Securitization Vehicle that is a CLO, the entity that is responsible for managing or administering
the underlying assets of such Securitization Vehicle or, if applicable, the assets of any Intervening Trust Vehicle (including,
without limitation, the right to exercise any consent and control rights available to the Directing Holder).


 


“Certificates”
shall mean any securities issued in connection with the Note A-1 Securitization, the Note A-2 Securitization, the Note A-3 Securitization,
the Note A-4 Securitization, the Note A-5 Securitization, the Note A-6-1 Securitization or the Note A-6-2 Securitization.


 


“Code”
shall mean the Internal Revenue Code of 1986, as amended.


 


“Collection
Account” shall mean the “collection account” or sub-account thereof, established under the Servicing Agreement
for the purpose of servicing the Mortgage Loan.


 


“Consultation
Termination Event” shall have the meaning assigned to such term or an analogous term in the Servicing Agreement.


 






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“Control”
shall mean the ownership, directly or indirectly, in the aggregate of more than fifty percent (50%) of the beneficial ownership
interests of an entity and the possession, directly or indirectly, of the power to direct or cause the direction of the management
or policies of an entity, whether through the ability to exercise voting power, by contract or otherwise. The terms “controlled
by,” “controlling” and “under common control with” shall have the respective correlative meaning
thereto.


 


“DBNY”
shall have the meaning assigned to such term in the preamble to this Agreement.


 


“DBRS”
shall mean DBRS, Inc. and its successors in interest.


 


‘‘Defaulted
Loan” shall have the meaning assigned to such term or an analogous term in the Servicing Agreement.


 


“Depositor”
shall mean (i) with respect to the Note A-1 Securitization, the depositor under the Note A-1 PSA, (ii) with respect to the
Note A-2 Securitization, the depositor under the Note A-2 PSA, (iii) with respect to the Note A-3 Securitization, the depositor
under the Note A-3 PSA, (iv) with respect to the Note A-4 Securitization, the depositor under the Note A-4 PSA, (v) with respect
to the Note A-5 Securitization, the depositor under the Note A-5 PSA, (vi) with respect to the Note A-6-1 Securitization, WFCM
and (vii) with respect to the Note A-6-2 Securitization, the depositor under the Note A-6-2 PSA.


 


“Directing Holder”
shall mean the Note A-1 Holder or, if Note A-1 is included in a Securitization, the holders of Certificates representing the specified
interest in the class of Certificates designated as the “controlling class” or the duly appointed representative of
the holders of such Certificates or such other party that the Note A-1 Holder grants the right to exercise the rights granted to
the Directing Holder in this Agreement; provided, that no Borrower, property manager or Borrower Party Affiliate thereof
shall be entitled to act as Directing Holder.


 


“Event of Default”
shall mean an “Event of Default” as defined in the Loan Agreement.


 


“Excluded Amounts”
shall mean:


 


(i)          
proceeds, awards or settlements to be applied to the restoration or repair of the Mortgaged Property or released to the
Borrower in accordance with the terms of the Mortgage Loan Documents;


 


(ii)         
amounts required to be deposited in reserve or escrow pursuant to the Mortgage Loan Documents; and


 


(iii)       
amounts that are then due and payable pursuant to the Servicing Agreement to the parties to the Servicing Agreement, including,
without limitation, Servicing Fees, Special Servicing Fees, Liquidation Fees, Workout Fees, as applicable, reimbursement of costs
and expenses, reimbursement of Property Advances and interest thereon at the Reimbursement Rate;


 






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but shall not include (A) any amounts
received in respect of any P&I Advances (and interest thereon), (B) any Servicing Fees due to the Master Servicer in excess
of the Servicing Fee calculated at the “primary servicing fee rate” set forth in the Servicing Agreement and (C) any
trustee fees.


 


“Fitch”
shall mean Fitch Ratings, Inc. and its successors in interest.


 


“GACC”
shall mean German American Capital Corporation and its successors in interest.


 


“Holder”
shall mean the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder, the Note A-5 Holder, the Note A-6-1
Holder and/or the Note A-6-2 Holder, as the context indicates.


 


“Intervening
Trust Vehicle” shall mean, with respect to any Securitization Vehicle that is a CLO, a trust vehicle or entity which
holds one or more Notes as collateral securing (in whole or in part) any obligation or security held by such Securitization Vehicle
as collateral for the CLO.


 


“KBRA”
shall mean Kroll Bond Rating Agency, Inc. and its successors in interest.


 


“Lead Note”
shall mean (a) prior to the Note A-1 Securitization Date, Note A-6-1 and (b) from and after the Note A-1 Securitization Date, Note
A-1.


 


“Lead Note Holder”
shall mean the Holder of the Lead Note.


 


“Lead Securitization”
shall mean (a) during the period from and after the Note A-6-1 Securitization Date and prior to the Note A-1 Securitization Date,
the Note A-6-1 Securitization and (b) from and after the Note A-1 Securitization Date, the Note A-1 Securitization.


 


“Lead Securitization
Trust” shall mean (a) during the period from and after the Note A-6-1 Securitization Date and prior to the Note A-1 Securitization
Date, the trust established under the Note A-6-1 PSA in connection with the Note A-6-1 Securitization and (b) from and after the
Note A-1 Securitization Date, the trust established under the Note A-1 PSA. “Liquidation Proceeds” shall have
the meaning assigned to such term or an analogous term in the Servicing Agreement.


 


“Loan Agreement”
shall have the meaning assigned to such term in the recitals.


 


“Major Action”
shall have the meaning assigned to the term “Material Action,” “Major Action,” “Major Decision”
or any equivalent term in the Servicing Agreement.


 


“Master Servicer”
shall mean the master servicer under the Servicing Agreement and any successor thereunder.


 






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“Master Servicer
Remittance Date” shall mean:


 


(a)          during the period after the Note A-6-1 Securitization date but prior to the Note A-1 Securitization Date:


 


(i)          
with respect to Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6-1 and Note A-6-2, the “Master Servicer
Remittance Date” (or analogous term) as defined in the Note A-6-1 PSA, and


 


(b)         
after the Note A-1 Securitization Date:


 


(i)          
with respect to Note A-1, the “Master Servicer Remittance Date” (or analogous term) as defined in the Servicing
Agreement;


 


(ii)         
with respect to Note A-2, the first Business Day after the “determination date,” as such term or a similar term
is defined in the Note A-2 PSA, provided, however, that no remittance is required to be made until two Business Days
after receipt of properly identified and available funds constituting the scheduled monthly payment with respect to the Mortgage
Loan;


 


(iii)       
with respect to Note A-3, the first Business Day after the “determination date,” as such term or a similar term
is defined in the Note A-3 PSA, provided, however, that no remittance is required to be made until two Business Days
after receipt of properly identified and available funds constituting the scheduled monthly payment with respect to the Mortgage
Loan;


 


(iv)        
with respect to Note A-4, the first Business Day after the “determination date,” as such term or a similar term
is defined in the Note A-4 PSA, provided, however, that no remittance is required to be made until two Business Days
after receipt of properly identified and available funds constituting the scheduled monthly payment with respect to the Mortgage
Loan;


 


(v)         
with respect to Note A-5, the first Business Day after the “determination date,” as such term or a similar term
is defined in the Note A-5 PSA, provided, however, that no remittance is required to be made until two Business Days
after receipt of properly identified and available funds constituting the scheduled monthly payment with respect to the Mortgage
Loan; and


 


(vi)       
with respect to Note A-6-2, the first Business Day after the “determination date,” as such term or a similar
term is defined in the Note A-6-2 PSA, provided, however, that no remittance is required to be made until two Business
Days after receipt of properly identified and available funds constituting the scheduled monthly payment with respect to the Mortgage
Loan.


 


“Maturity Date”
shall have the meaning assigned to such term in Exhibit A.


 






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“Monthly Payment”
with respect to any period shall mean all amounts due and payable to any Holder or Holders during such period in accordance with
the Mortgage Loan Documents.


 


“Moody’s”
shall mean Moody’s Investors Service, Inc. and its successors in interest.


 


“Morningstar”
shall mean Morningstar Credit Ratings, LLC and its successors in interest.


 


“Mortgage”
shall have the meaning assigned to such term in the recitals.


 


“Mortgage Interest
Rate” shall mean the Mortgage Interest Rate set forth in the Mortgage Loan Schedule with respect to each of Note A-1,
Note A-2, Note A-3, Note A-4, Note A-5, Note A-6-1 and Note A-6-2.


 


“Mortgage Loan”
shall have the meaning assigned to such term in the recitals.


 


“Mortgage Loan
Documents” shall mean the Mortgage, the Loan Agreement, the Notes, and all other documents evidencing or securing the
Mortgage Loan.


 


“Mortgage Loan
Principal Balance” shall mean, at any date of determination, the aggregate principal balance of the Notes evidencing
the Mortgage Loan.


 


“Mortgage Loan
Schedule” shall mean the schedule in the form attached hereto as Exhibit A, which schedule sets forth certain
information regarding the Mortgage Loan and the Notes.


 


“Mortgaged Property”
shall have the meaning assigned to such term in the recitals.


 


“Non-Directing
Holders” shall mean the holders of Note A-2, Note A-3, Note A-4, Note A-5, Note A-6-1 and Note A-6-2 or, if a note is
included in a Securitization (other than Note A-1 in the Note A-1 Securitization), holders of Certificates representing the specified
interest in the class of Certificates designated as the “controlling class” or the duly appointed representative of
the holders of such Certificates or such other party otherwise entitled under the Note A-2 PSA, the Note A-3 PSA, the Note A-4
PSA, the Note A-5 PSA, the Note A-6-1 PSA and the Note A-6-2 PSA to exercise the rights granted to the Non-Directing Holders in
this Agreement; provided, that that if at any time 50% or more of any Note (or class of securities issued in a Securitization into
which such Note has been deposited is designated as the “controlling class”) is held by (or such other party otherwise
assigned the rights to exercise the rights of the “controlling class” under the related Non-Lead Servicing Agreement
is) the Borrower or a Borrower Party Affiliate, no such Holder or other Person shall be entitled to exercise any rights of a Non-Directing
Holder under this Agreement or the related Non-Lead Servicing Agreement, and there shall be deemed to be no Non-Directing Holder
with respect to such Note.


 






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“Non-Lead Asset
Representations Reviewer” shall mean the “Asset Representations Reviewer” (or similarly named Person that
is the “asset representations reviewer” as defined in Item 1101(m) of Regulation AB) under any Non-Lead Servicing Agreement.


 


“Non-Lead Master
Servicer” shall mean, with respect to each Non-Lead Note that has been included in a Securitization, the master servicer
designated under the related pooling and servicing agreement.


 


“Non-Lead Note”
shall mean each Note other than the Lead Note.


 


“Non-Lead Note
Holders” shall mean the holders of the Non-Lead Notes (other than a Non-Lead Note that is included in the Lead Securitization).


 


“Non-Lead Servicing
Agreements” shall mean (a) during the period prior to the Note A-1 Securitization, the Note A-2 PSA, the Note A-3 PSA,
the Note A-4 PSA, the Note A-5 PSA and the Note A-6-2 PSA and (b) from and after the Note A-1 Securitization Date, the Note A-2
PSA, Note A-3 PSA, the Note A-4 PSA the Note A-5 PSA, the Note A-6-1 PSA and the Note A-6-2 PSA.


 


“Nonrecoverable
Advance” shall have the meaning ascribed to such term in the Servicing Agreement.


 


“Note A-1”
shall have the meaning assigned to such term in the recitals.


 


“Note A-1 Holder”
shall mean DBNY or any subsequent holder of Note A-1.


 


“Note A-1 Principal
Balance” shall mean at any time of determination, the initial Note A-1 Principal Balance as set forth in the Mortgage
Loan Schedule less any payments of principal thereon received by the Note A-1 Holder and any reductions in such amount pursuant
to Section 4.


 


“Note A-1 PSA”
shall have the meaning assigned to such term in the recitals.


 


“Note A-1 Securitization”
shall have the meaning assigned to such term in the recitals.


 


“Note A-1 Securitization
Date” shall mean the closing date of the Note A-1 Securitization.


 


“Note A-1 Trustee”
shall mean the trustee under the Note A-1 PSA.


 


“Note A-2”
shall have the meaning assigned to such term in the recitals.


 


“Note A-2 Holder”
shall mean Wells or any subsequent holder of Note A-2.


 


“Note A-2 Principal
Balance” shall mean, at any time of determination, the initial Note A-2 Principal Balance as set forth in the Mortgage
Loan Schedule less any payments of


 






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principal thereon received by the Note A-2 Holder and any reductions in such amount pursuant
to Section 4.


 


“Note A-2 PSA”
shall mean the “pooling and servicing agreement” entered into in connection with the Note A-2 Securitization.


 


“Note A-2 Securitization”
shall mean the first sale by the Note A-2 Holder of all or any portion of Note A-2 to a depositor who will in turn include
all or such portion (as applicable) of Note A-2 as part of the securitization of one or more mortgage loans.


 


“Note A-2 Securitization
Date” shall mean the closing date of the Note A-2 Securitization.


 


“Note A-2 Trustee”
shall mean the trustee under the Note A-2 PSA.


 


“Note A-3”
shall have the meaning assigned to such term in the recitals.


 


“Note A-3 Holder”
shall mean Wells or any subsequent holder of Note A-3.


 


“Note A-3 Principal
Balance” shall mean, at any time of determination, the initial Note A-3 Principal Balance as set forth in the Mortgage
Loan Schedule less any payments of principal thereon received by the Note A-3 Holder and any reductions in such amount pursuant
to Section 4.


 


“Note A-3 PSA”
shall mean the “pooling and servicing agreement” entered into in connection with the Note A-3 Securitization.


 


“Note A-3 Securitization”
shall mean the first sale by the Note A-3 Holder of all or any portion of Note A-3 to a depositor who will in turn include
all or such portion (as applicable) of Note A-3 as part of the securitization of one or more mortgage loans.


 


“Note A-3 Securitization
Date” shall mean the closing date of the Note A-3 Securitization.


 


“Note A-3 Trustee”
shall mean the trustee under the Note A-3 PSA.


 


“Note A-4”
shall have the meaning assigned to such term in the recitals.


 


“Note A-4 Holder”
shall mean DBNY or any subsequent holder of Note A-4.


 


“Note A-4 Principal
Balance” shall mean, at any time of determination, the initial Note A-4 Principal Balance as set forth in the Mortgage
Loan Schedule less any payments of principal thereon received by the Note A-4 Holder and any reductions in such amount pursuant
to Section 4.


 


“Note A-4 PSA”
shall mean the “pooling and servicing agreement” entered into in connection with the Note A-4 Securitization.


 






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“Note A-4 Securitization”
shall mean the first sale by the Note A-4 Holder of all or any portion of Note A-4 to a depositor who will in turn include
all or such portion (as applicable) of Note A-4 as part of the securitization of one or more mortgage loans.


 


“Note A-4 Securitization
Date” shall mean the closing date of the Note A-4 Securitization.


 


“Note A-4 Trustee”
shall mean the trustee under the Note A-4 PSA.


 


“Note A-5”
shall have the meaning assigned to such term in the recitals.


 


“Note A-5 Holder”
shall mean DBNY or any subsequent holder of Note A-5.


 


“Note A-5 Principal
Balance” shall mean at any time of determination, the initial Note A-5 Principal Balance as set forth in the Mortgage
Loan Schedule less any payments of principal thereon received by the Note A-5 Holder and any reductions in such amount pursuant
to Section 4.


 


“Note A-5 PSA”
shall mean the “pooling and servicing agreement” entered into in connection with the Note A-5 Securitization.


 


“Note A-5 Securitization”
shall mean the first sale by the Note A-5 Holder of all or any portion of Note A-5 to a depositor who will in turn include
all or such portion (as applicable) of Note A-5 as part of the securitization of one or more mortgage loans.


 


“Note A-5 Securitization
Date” shall mean the closing date of the Note A-5 Securitization.


 


“Note A-5 Trustee”
shall mean the trustee under the Note A-5 PSA.


 


“Note A-6-1”
shall have the meaning assigned to such term in the recitals.


 


“Note A-6-1
Holder” shall mean Barclays or any subsequent holder of Note A-6-1.


 


“Note A-6-1
Principal Balance” shall mean, at any time of determination, the initial Note A-6-1 Principal Balance as set forth in
the Mortgage Loan Schedule less any payments of principal thereon received by the Note A-6-1 Holder and any reductions in such
amount pursuant to Section 4.


 


“Note A-6-1
PSA” shall have the meaning assigned to such term in the recitals.


 


“Note A-6-1
Securitization” shall mean the first sale by the Note A-6-1 Holder of all or any portion of Note A-6-1 to
a depositor who will in turn include all or such portion (as applicable) of Note A-6-1 as part of the securitization of one
or more mortgage loans.


 


“Note A-6-1
Securitization Date” shall mean the closing date of the Note A-6-1 Securitization.


 






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“Note A-6-1
Trustee” shall mean the trustee under the Note A-6-1 PSA.


 


“Note A-6-2”
shall have the meaning assigned to such term in the recitals.


 


“Note A-6-2
Holder” shall mean Barclays or any subsequent holder of Note A-6-2.


 


“Note A-6-2
Principal Balance” shall mean, at any time of determination, the initial Note A-6-2 Principal Balance as set forth in
the Mortgage Loan Schedule less any payments of principal thereon received by the Note A-6-2 Holder and any reductions in such
amount pursuant to Section 4.


 


“Note A-6-2
PSA” shall mean the “pooling and servicing agreement” entered into in connection with the Note A-6-2 Securitization.


 


“Note A-6-2
Securitization” shall mean the first sale by the Note A-6-2 Holder of all or any portion of Note A-6-2 to
a depositor who will in turn include all or such portion (as applicable) of Note A-6-2 as part of the securitization of one
or more mortgage loans.


 


“Note A-6-2
Securitization Date” shall mean the closing date of the Note A-6-2 Securitization.


 


“Note A-6-2
Trustee” shall mean the trustee under the Note A-6-2 PSA.


 


“Notes”
shall have the meaning assigned to such term in the recitals.


 


“P&I Advance”
shall mean an advance made by a party to the Note A-1 PSA, the Note A-2 PSA, the Note A-3 PSA, the Note A-4 PSA, the Note A-5 PSA,
the Note A-6-1 PSA or the Note A-6-2 PSA, as applicable, with respect to a delinquent monthly debt service payment on the Notes
included in the related Securitization.


 


“Penalty Charges”
shall mean any amounts collected from the Borrower that represent default charges, penalty charges, late fees and/or default interest,
but excluding any yield maintenance charge or prepayment premium.


 


“Permitted Fund
Manager” shall mean any Person (a) listed on Exhibit C attached hereto or (b) that on the date of determination
is (i) a Qualified Transferee or any other nationally-recognized manager of investment funds investing in debt or equity interests
relating to commercial real estate, (ii) investing through one or more funds with committed capital of at least $250,000,000
and (iii) not subject to a proceeding, whether voluntary or involuntary, relating to the bankruptcy, insolvency, reorganization
or relief of debtors.


 


“Person”
shall mean any individual, corporation, limited liability company, partnership, joint venture, association, joint-stock company,
trust, unincorporated organization or government or any agency or political subdivision thereof.


 


“Property Advance”
shall mean an advance made in respect of property protection expenses or expenses incurred to protect, preserve and enforce the
security for the Mortgage


 






    -11- 


     


    

 


Loan or to pay taxes and assessments or insurance premiums with respect to the Mortgaged Property.


 


“Pro Rata and
Pari Passu Basis” shall mean with respect to the Notes and each Holder, (i) for purposes of allocating payments of interest
among the Notes, each Note or Holder, as the case may be, is allocated its respective pro rata share based on the interest accrued
on such Note at the respective Mortgage Interest Rate of such Note based on the outstanding principal balance of the such Note
and (ii) for all other purposes, the allocation of any particular payment, collection, cost, expense, liability or other amount
between such Notes or such Holders, as the case may be, without any priority of any such Note or any such Holder over another Note
or Holder, as the case may be, and in any event such that each Note or Holder, as the case may be, is allocated its respective
pro rata share based on the outstanding principal balance of its Note in relation to the outstanding principal balance of the entire
Mortgage Loan of such particular payment, collection, cost, expense, liability or other amount.


 


“Qualified Servicer”
shall mean any nationally recognized commercial mortgage loan servicer (1) rated at least “CSS3,” in the
case of a special servicer, or at least “CMS2,” in the case of a master servicer, by Fitch, (2) on the S&P
Select Servicer List as a U.S. Commercial Mortgage Master Servicer or a U.S. Commercial Mortgage Special Servicer, as applicable,
(3) as to which neither Moody’s nor KBRA has cited servicing concerns of such servicer as the sole or material factor
in any qualification, downgrade or withdrawal of the ratings (or placement on “watch status” in contemplation of a
ratings downgrade or withdrawal) of securities in any CMBS transaction rated by Moody’s or KBRA, as applicable, and serviced
by such servicer prior to the time of determination, (4) a servicer that (i) during the 12-month period prior to the date of determination,
acted as master servicer or special servicer, as applicable, in a commercial mortgage loan securitization rated by Morningstar
and (ii) Morningstar has not qualified, downgraded or withdrawn the then-current rating or ratings of one or more classes of such
certificates citing servicing concerns with the servicer or special servicer, as applicable, as the sole or material factor in
such rating action and (5) in the case of DBRS, that within the twelve (12) month period prior to the date of determination such
servicer was acting as servicer or special servicer, as applicable, in a commercial mortgage loan securitization that was rated
by DBRS and DBRS has not downgraded or withdrawn the then-current rating on any class of commercial mortgage securities or placed
any class of commercial mortgage securities on watch citing the continuation of such servicer as servicer or special servicer,
as applicable, of such commercial mortgage securities as a material reason for such downgrade or withdrawal (or placement on watch
status). For purposes of this definition, for so long as any Note is included in a Securitization, the ratings or actions of any
Rating Agency that is not rating any such Securitization(s) shall not be considered.


 


“Qualified Transferee”
shall mean an Affiliate of the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder, the Note A-5 Holder,
the Note A-6-1 Holder or the Note A-6-2 Holder or one or more of the following (other than a Borrower or any entity which is a
Borrower Party Affiliate):


 


(i)          
an insurance company, bank, savings and loan association, investment bank, trust company, commercial credit corporation,
pension plan,


 






    -12- 


     


    

 


pension fund, pension fund advisory firm, mutual fund, real estate investment trust or governmental entity or plan;
or


 


(ii)         
an investment company, money management firm or a “qualified institutional buyer” within the meaning of Rule
144A under the Securities Act of 1933, as amended, which regularly engages in the business of making or owning investments of types
similar to the Mortgage Loan; or


 


(iii)        
an institution substantially similar to any of the foregoing entities described in clauses (i) or (ii) above; or


 


(iv)         any
entity Controlled by or under common Control or Controlling any of the entities described in clauses (i), (ii) or (iii) above;
or


 


(v)          a Qualified Trustee (or, in the case of a CLO, a single purpose bankruptcy-remote entity that contemporaneously pledges
its interest in a Note to a Qualified Trustee) in connection with (A) a securitization of, (B) the creation of collateralized
loan obligations (“CLO”) secured by, or (C) a financing through an “owner trust” of, any interest
in a Note (any of the foregoing, a “Securitization Vehicle”), provided that either (1) one or more
classes of securities issued by such Securitization Vehicle is initially rated at least investment grade by at least two of the
Rating Agencies that also assigned a rating to one or more classes of securities issued in connection with the Securitization of
a Note (and, if DBRS is not one of such Rating Agencies, the special servicer for the Securitization Vehicle is a Qualified Servicer);
(2) the special servicer for the Securitization Vehicle is a Qualified Servicer at the time of transfer; or (3) in the case of
a Securitization Vehicle that is a CLO, the CLO Asset Manager and, if applicable, each Intervening Trust Vehicle that is not administered
and managed by a CLO Asset Manager that is a Qualified Transferee, is a Qualified Transferee under clause (i), (ii), (iii)
or (iv) of this definition; or


 


(vi)       
an investment fund, limited liability company, limited partnership or general partnership in which a Permitted Fund Manager
acts as the general partner, managing member, or the fund manager responsible for the day to day management and operation of such
investment vehicle, provided that greater than fifty percent (50%) of the equity interests in such investment vehicle are
owned, directly or indirectly, by one or more entities that are otherwise Qualified Transferees,


 


which, in the case of each of clauses (i),
(ii), and (iii) of this definition, has at least $650,000,000 in total assets (in name or under management) and (except with respect
to a pension advisory firm or similar fiduciary) at least $250,000,000 in capital/statutory surplus or shareholders’ equity,
and is regularly engaged in the business of making or owning commercial real estate loans or commercial loans similar to the Mortgage
Loan.


 


“Qualified Trustee”
shall mean (i) a corporation, national bank, national banking association or a trust company, organized and doing business
under the laws of any state or the


 






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United States of America, authorized under such laws to exercise corporate trust powers and
to accept the trust conferred, having a combined capital and surplus of at least $100,000,000 and subject to supervision or examination
by federal or state authority, (ii) an institution insured by the Federal Deposit Insurance Corporation or (iii) an institution
whose long-term senior unsecured debt is then rated in one of the top two rating categories of each of the Rating Agencies.


 


“Rating Agencies”
shall mean DBRS, Fitch, KBRA, Moody’s, Morningstar and S&P and their respective successors in interest or, if any of
such entities shall for any reason no longer perform the functions of a securities rating agency, any other nationally recognized
statistical rating agency reasonably designated by any Holder to rate the securities issued in connection with the Securitization
of the related Note; provided, however, that, unless specified otherwise, at any time during which any Note is an
asset of a Securitization, “Rating Agencies” or “Rating Agency” shall mean only those rating
agencies that are engaged by the applicable Depositor from time to time to rate the securities issued in connection with such Securitization.


 


“Rating Agency
Confirmation” shall mean each of the applicable Rating Agencies shall have confirmed in writing that the occurrence of
the event with respect to which such Rating Agency Confirmation is sought shall not result in a downgrade, qualification or withdrawal
of the applicable rating or ratings ascribed by such Rating Agency to any of the Certificates then outstanding. In the event that
no Certificates are outstanding, any action that would otherwise require a Rating Agency Confirmation shall require the consent
of the Note A-1 Holder, which consent shall not be unreasonably withheld, conditioned or delayed.


 


For the purposes of this
Agreement, if any Rating Agency (1) waives, declines or refuses, in writing, to review or otherwise engage any request for a confirmation
hereunder from such Rating Agency that a proposed action will not result in a qualification, downgrade or withdrawal of its then
current rating of the securities issued pursuant to the related Securitization, or (2) does not reply to such request or responds
in a manner that indicates that such Rating Agency is neither reviewing such request nor waiving the requirement for Rating Agency
Confirmation and the related timing, notice and other applicable provisions set forth in the Servicing Agreement, the Note A-2
PSA, the Note A-3 PSA, the Note A-4 PSA, the Note A-5 PSA, the Note A-6-1 PSA and the Note A-6-2 PSA, as applicable, have been
satisfied, then for such request only, the condition that such confirmation by such Rating Agency (only) be obtained will be deemed
not to apply for purposes of this Agreement. For purposes of clarity, any such waiver, declination or refusal to review or otherwise
engage in any request for such confirmation hereunder shall not be deemed a waiver, declination or refusal to review or otherwise
engage in any subsequent request for such Rating Agency Confirmation hereunder and the condition for such Rating Agency Confirmation
pursuant to this Agreement for any subsequent request shall apply regardless of any previous waiver, declination or refusal to
review or otherwise engage in such prior request.


 


“Reimbursement
Rate” shall have the meaning assigned to such term or the term “Advance Rate” or an analogous term in the
Servicing Agreement.


 


“REMIC Provisions”
shall mean provisions of the federal income tax law relating to real estate mortgage investment conduits, which appear at Sections
860A through 860G of


 






    -14- 


     


    

 


subchapter M of Chapter 1 of the Code, and related provisions, and regulations (including any applicable proposed
regulations) and rulings promulgated thereunder, as the foregoing may be in effect from time to time.


 


“REO Property”
shall mean the Mortgaged Property, title to which has been acquired by the Servicer on behalf of (or other Person designated by)
the Holders through foreclosure, deed in lieu of foreclosure or otherwise.


 


“S&P”
shall mean S&P Global Ratings, a Standard & Poor’s Financial Services LLC business, and its successors in interest.


 


“Securitization”
shall mean the Note A-1 Securitization, the Note A-2 Securitization, the Note A-3 Securitization, the Note A-4 Securitization,
the Note A-5 Securitization, the Note A-6-1 Securitization, the Note A-6-2 Securitization and/or any other securitization in which
a Note may be included, as applicable.


 


“Servicer”
shall mean (i) the Master Servicer with respect to a non-Specially Serviced Mortgage Loan and the Special Servicer with respect
to a Specially Serviced Mortgage Loan, or (ii) with respect to a specific function, right or obligation as to which the Servicing
Agreement designates the Master Servicer or the Special Servicer, the party so designated, as applicable, pursuant to the Servicing
Agreement.


 


“Servicing Agreement”
shall mean (a) during the period from and after the Note A-6-1 Securitization Date and prior to the Note A-1 Securitization Date,
the Note A-6-1 PSA and (b) after the Note A-1 Securitization Date, the Note A-1 PSA. In the event the Lead Note is no longer in
a Securitization, the term “Servicing Agreement” shall refer to the subsequent servicing agreement entered into pursuant
to Section 2.


 


“Servicing Fee”
shall mean the fee of the Master Servicer pursuant to the terms of the Servicing Agreement, which will generally be calculated
as the product of (i) the Servicing Fee Rate and (ii) the outstanding principal balance of the Mortgage Loan as of the date of
determination.


 


“Servicing Fee
Rate” shall have the meaning applied to such term in the Servicing Agreement, being the rate per annum which, when applied
to the Mortgage Loan Principal Balance (which may be a different rate with respect to each of the Notes), will determine the servicing
fee payable to the Master Servicer under the Servicing Agreement.


 


“Servicing Standard”
shall have the meaning assigned to such term or an analogous term in the Servicing Agreement. The Servicing Standard shall require,
among other things, that each Servicer, in servicing the Mortgage Loan, must take into account the interests of the Noteholders
as a collective whole, taking into account the pari passu nature of the Mortgage Loan.


 


“Servicing Transfer
Event” shall mean any of the events specified in the Servicing Agreement, whereby the servicing of the Mortgage Loan
is required to be transferred to the Special Servicer from the Master Servicer.


 






    -15- 


     


    

 


“Special Servicer”
shall mean the special servicer of the Mortgage Loan as appointed under the terms of this Agreement and the Servicing Agreement,
or any successor special servicer appointed as provided thereunder or hereunder.


 


“Special Servicing
Fee” shall have the meaning given to such term in the Servicing Agreement.


 


“Specially Serviced
Mortgage Loan” shall mean the Mortgage Loan during the period it is serviced by the Special Servicer following a Servicing
Transfer Event.


 


“Transfer”
shall mean any assignment, pledge, conveyance, sale, transfer, mortgage, encumbrance, grant of a security interest, issuance of
a participation interest, or other disposition, either directly or indirectly, by operation of law or otherwise.


 


“Trustee”
shall mean the trustee under the Note A-1 PSA, the Note A-2 PSA, the Note A-3 PSA, the Note A-4 PSA, the Note A-5 PSA, the Note
A-6-1 PSA or the Note A-6-2 PSA, as the context requires.


 


“WFCM”
shall have the meaning assigned to such term in the recitals to this Agreement.


 


“Wells” shall
have the meaning assigned to such term in the preamble to this Agreement.


 


2.            
Servicing of the Mortgage Loan.


 


(a)          
Each Holder acknowledges and agrees that, subject in each case to the specific terms of this Agreement, the Mortgage Loan
shall be serviced by the Master Servicer and the Special Servicer under the Servicing Agreement in effect at any given time.


 


(b)         
Subject to the terms and conditions of this Agreement, each Holder hereby irrevocably and unconditionally consents to the
appointment of the Master Servicer and the Trustee under the Servicing Agreement by the Depositor and the appointment of the Special
Servicer by the Directing Holder and agrees to reasonably cooperate with the Master Servicer and the Special Servicer with respect
to the servicing of the Mortgage Loan in accordance with the Servicing Agreement. Each Holder hereby appoints the Master Servicer,
the Special Servicer and the Trustee under the Servicing Agreement as such Holder’s attorney-in-fact to sign any documents
reasonably required with respect to the administration and servicing of the Mortgage Loan on its behalf under the Servicing Agreement
(subject at all times to the rights of the Holders as set forth herein and in such Servicing Agreement).


 


Any proceeds received
from the sale of the primary servicing rights with respect to the Mortgage Loan shall be remitted, promptly upon receipt thereof,
to the Holders on a Pro Rata and Pari Passu Basis. Any proceeds received by any Holder from the sale of master servicing rights
with respect to its Note shall be for its own account.


 






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(c)          
If, at any time the Lead Note is no longer in a Securitization, the Note A-1 Holder shall cause the Mortgage Loan to be
serviced pursuant to a servicing agreement that is substantially similar to the Servicing Agreement (and, if any Non-Lead Note
is in a Securitization, a Rating Agency Confirmation from the Rating Agencies that were engaged by the Depositor to rate such Securitization
shall be obtained) and all references herein to the “Servicing Agreement” shall mean such subsequent Servicing
Agreement; provided, however, that until a replacement Servicing Agreement has been entered into (and such Rating
Agency Confirmation has been obtained), the Note A-1 Holder shall cause the Mortgage Loan to be serviced pursuant to the provisions
of the Servicing Agreement as if such agreement was still in full force and effect with respect to the Mortgage Loan; provided,
further, however, that until a replacement Servicing Agreement is in place, the actual servicing of the Mortgage
Loan may be performed by any Qualified Servicer appointed by the Note A-1 Holder and does not have to be performed by the service
providers set forth under the Servicing Agreement that was previously in effect.


 


(d)         
Notwithstanding anything to the contrary contained herein (including Sections 4 and 13(a)), each Servicing
Agreement shall provide that the Servicer shall be required to service and administer the Mortgage Loan in accordance with the
Servicing Standard as set forth in such Servicing Agreement, and any Holder who is not a Borrower or a Borrower Party Affiliate
shall be deemed a third-party beneficiary of such provisions of the Servicing Agreement. It is understood that any Non-Lead Note
Holder may separately appoint a servicer for its Non-Lead Note, by itself or together with other assets, but any such servicer
will have no responsibility hereunder and shall be compensated solely by the applicable Non-Lead Note Holder from funds payable
to it hereunder or otherwise.


 


(e)          
The Holders acknowledge that the Servicer is to comply with this Agreement, the Servicing Agreement and the Mortgage Loan
Documents in connection with the servicing of the Mortgage Loan. Any conflict between the Servicing Agreement and this Agreement
shall be resolved in favor of this Agreement provided that in no event shall the Master Servicer or the Special Servicer, as the
case may be, take any action or omit to take any action in accordance with the terms of this Agreement that would cause the Master
Servicer or the Special Servicer, as the case may be, to violate the Servicing Standard or the REMIC Provisions.


 


(f)            If
any Note is included as an asset of a real estate mortgage investment conduit (a “REMIC”), within the meaning
of Section 860D(a) of the Code, then, any provision of this Agreement to the contrary notwithstanding: (i) the Mortgage
Loan shall be administered such that the Notes shall qualify at all times as (or as interests in) a “qualified mortgage”
within the meaning of Section 860G(a)(3) of the Code, (ii) any real property (and related personal property) acquired
by or on behalf of the Holders pursuant to a foreclosure, exercise of a power of sale or delivery of a deed in lieu of foreclosure
of the Mortgage or lien on such property following a default on the Mortgage Loan shall be administered so that the interest of
the pro rata share of each Holder therein shall at all times qualify as “foreclosure property” within the meaning
of Section 860G(a)(8) of the Code, and (iii) no Servicer may modify, waive or amend any provision of the Mortgage Loan,
consent to or withhold consent from any action of the Borrower, or exercise or refrain from exercising any powers or rights that
the Holders may have under the Mortgage Loan Documents, if any such action would constitute a “significant


 






    -17- 


     


    

 


modification”
of the Mortgage Loan, within the meaning of Section 1.860G-2(b) of the regulations of the United States Department of the
Treasury, more than three (3) months after the startup day of the REMIC that includes any Note (or any portion thereof). Each
Holder agrees that the provisions of this paragraph shall be effected by compliance with any REMIC provisions in the Servicing
Agreement relating to the administration of the Mortgage Loan.


 


(g)         
In the event that one of the Notes is included in a REMIC, the other Holders shall not be required to reimburse such Holder
or any other Person for payment of any taxes imposed on such REMIC or Advances therefor or for any interest on such Advance or
for deficits in other items of disbursement or income resulting from the use of funds for payment of any such taxes, nor shall
any disbursement or payment otherwise distributable to the other Holders be reduced to offset or make-up any such payment or deficit.


 


3.           
Priority of Notes.


 


Note A-1, Note A-2, Note
A-3, Note A-4, Note A-5, Note A-6-1 and Note A-6-2 shall be of equal priority, and no portion of any of Note A-1, Note A-2, Note
A-3, Note A-4, Note A-5, Note A-6-1 or Note A-6-2 shall have priority or preference over any portion of the other Note or security
therefor. Except for the Excluded Amounts, all amounts tendered by the Borrower or otherwise available for payment on the Mortgage
Loan, whether received in the form of Monthly Payments, a balloon payment, Liquidation Proceeds, proceeds under any guaranty, letter
of credit or other instrument serving as security on the Mortgage Loan, proceeds under title, hazard or other insurance policies
or awards or settlements in respect of condemnation proceedings or similar exercise of the power of eminent domain shall be distributed
by the Master Servicer and applied to Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6-1 and Note A-6-2 on a Pro Rata
and Pari Passu Basis.


 


The Servicing Agreement
may provide for the application of Penalty Charges paid in respect of the Mortgage Loan to be used to (i) pay the Master Servicer,
the Trustee or the Special Servicer for interest accrued on any Property Advances, (ii) to pay the parties to any Securitization
for interest accrued on any P&I Advance, (iii) to pay certain other expenses incurred with respect to the Mortgage Loan
and (iv) to pay to the Master Servicer and/or the Special Servicer as additional servicing compensation, except that, for
so long as Note A-1, Note A-2, Note A-3, Note A-4, Note A-5 or Note A-6-2 is not included in a Securitization, any Penalty Charges
allocated to such Note that is not included in a Securitization, that are not applied pursuant to clauses (i)-(iii) above shall
be remitted to the respective Holder and shall not be paid to the Master Servicer and/or the Special Servicer without the express
consent of such Holder.


 


4.           
Workout.


 


Notwithstanding anything
to the contrary contained herein, but subject to the terms and conditions of the Servicing Agreement and Section 13
of this Agreement, and the obligation to act in accordance with the Servicing Standard, if the Lead Note Holder, or any Servicer,
in connection with a workout or proposed workout of the Mortgage Loan, modifies the terms thereof such that (i) the Mortgage
Loan Principal Balance is decreased, (ii) the Mortgage


 






    -18- 


     


    

 


Interest Rate is reduced, (iii) payments of interest or principal
on Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6-1 or Note A-6-2 are waived, reduced or deferred or (iv) any
other adjustment is made to any of the payment terms of the Mortgage Loan, such modification shall not alter, and any modification
of the Mortgage Loan Documents shall be structured to preserve, the equal priorities of Note A-1, Note A-2, Note A-3, Note A-4,
Note A-5, Note A-6-1 and Note A-6-2 as described in Section 3.


 


5.            
Accounts; Payment Procedure.


 


The Servicing Agreement
shall provide that the Master Servicer shall establish and maintain the Collection Account or Collection Accounts, as applicable.
Each of the Note A-1 Holder, the Note A-2 Holder, the Note A-2 Holder, the Note A-4 Holder, the Note A-5 Holder, the Note A-6-1
Holder and the Note A-6-2 Holder hereby directs the Master Servicer, in accordance with the priorities set forth in Section 3
hereof, and subject to the terms of the Servicing Agreement, (i) to deposit into the applicable Collection Account within the time
period specified in the Servicing Agreement all payments received with respect to the Mortgage Loan and (ii) to remit from the
applicable Collection Account for deposit or credit by the applicable Master Servicer Remittance Date all payments received with
respect to and allocable to Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6-1 and Note A-6-2 by wire transfer to accounts
maintained by the Note A-1 Holder, the Note A-2 Holder, the Note A-2 Holder, the Note A-4 Holder, the Note A-6-1 Holder and the
Note A-6-2 Holder, respectively; provided that delinquent payments received by the Master Servicer after the related Master
Servicer Remittance Date shall be remitted by the Master Servicer to such accounts within the time period specified in the Servicing
Agreement.


 


If any Servicer holding
or having distributed any amount received or collected in respect of Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6-1
or Note A-6-2 determines, or a court of competent jurisdiction orders, at any time that any amount received or collected in respect
of Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6-1 or Note A-6-2 must, pursuant to any insolvency, bankruptcy, fraudulent
conveyance, preference or similar law, be returned to the Borrower or paid to the Note A-1 Holder, the Note A-2 Holder, the Note
A-3 Holder, the Note A-4 Holder, the Note A-5 Holder, the Note A-6-1 Holder or the Note A-6-2 Holder, or any Servicer or paid to
any other Person, then, notwithstanding any other provision of this Agreement, no Servicer shall be required to distribute any
portion thereof to the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder, the Note A-5 Holder, the
Note A-6-1 Holder or the Note A-6-2 Holder, as applicable, and the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the
Note A-4 Holder, the Note A-5 Holder, the Note A-6-1 Holder or the Note A-6-2 Holder, as applicable, shall promptly on demand repay
to such Servicer the portion thereof which shall have been theretofore distributed to the Note A-1 Holder, the Note A-2 Holder,
the Note A-3 Holder, the Note A-4 Holder, the Note A-5 Holder, the Note A-6-1 Holder or the Note A-6-2 Holder, as applicable, together
with interest thereon at such rate, if any, as such Servicer shall have been required to pay to the Borrower, the Note A-1 Holder,
the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder, the Note A-5 Holder, the Note A-6-1 Holder or the Note A-6-2 Holder
or any Servicer or such other person or entity with respect thereto. Each of the Note A-1 Holder, the Note A-2 Holder, the Note
A-3 Holder, the Note A-4 Holder, the Note A-5 Holder, the Note A-6-1 Holder and the Note A-6-2 Holder


 






    -19- 


     


    

 


agrees that if at any time
it shall receive from any sources whatsoever any payment on account of the Mortgage Loan in excess of its distributable share thereof,
it will promptly remit such excess to the Master Servicer. The Master Servicer shall have the right to offset any amounts due hereunder
from the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder, the Note A-5 Holder, the Note A-6-1 Holder
or the Note A-6-2 Holder, as applicable, with respect to the Mortgage Loan against any future payments due to the Note A-1 Holder,
the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder, the Note A-5 Holder, the Note A-6-1 Holder or the Note A-6-2 Holder,
as applicable, under the Mortgage Loan, provided, that the obligations of the Note A-1 Holder, the Note A-2 Holder, the
Note A-3 Holder, the Note A-4 Holder, the Note A-5 Holder, the Note A-6-1 Holder and the Note A-6-2 Holder under this Section 5
are separate and distinct obligations from one another and in no event shall any Servicer enforce the obligations of any Holder
against any other Holder. The obligations of the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder,
the Note A-5 Holder, the Note A-6-1 Holder and the Note A-6-2 Holder under this Section 5 constitute absolute, unconditional
and continuing obligations and each Servicer shall be deemed a third-party beneficiary of these provisions.


 


6.            
Limitation on Liability.


 


Subject to the terms
of the Servicing Agreement, no Holder (including the Master Servicer or the Special Servicer on its behalf) shall have any liability
to any other Holder with respect to any Note, except (1) with respect to the Advance reimbursement provisions set forth in
Section 17 and (2) with respect to losses actually suffered due to the gross negligence, willful misconduct or
material breach of this Agreement on the part of such Holder (including the Master Servicer or the Special Servicer on its behalf,
except that the Master Servicer’s or Special Servicer’s liability may be further limited or expanded as set forth in
the Servicing Agreement).


 


7.         
   Representations of the Holders.


 


(a)          
Each of the Holders hereby represents and warrants to, and covenants with each other Holder that, as of the date hereof:


 


(i)           
It is duly organized, validly existing and in good standing under the laws of the State under which it is organized.


 


(ii)         
The execution and delivery of this Agreement by such Holder, and performance of, and compliance with, the terms of this
Agreement by such Holder, will not violate its organizational documents or constitute a default (or an event which, with notice
or lapse of time, or both, would constitute a default) under, or result in the breach of, any material agreement or other instrument
to which it is a party or that is applicable to it or any of its assets, in each case which materially and adversely affect its
ability to carry out the transactions contemplated by this Agreement.


 


(iii)         Such Holder has the full power and authority to enter into and consummate all transactions contemplated by this Agreement,
has duly authorized the execution,


 






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delivery and performance of this Agreement and has duly executed and delivered this Agreement.


 


(iv)         
This Agreement is the legal, valid and binding obligation of such Holder enforceable against such Holder in accordance with
its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws
affecting the enforcement of creditors’ rights generally, and by general principles of equity (regardless of whether such
enforceability is considered in a proceeding in equity or at law), and except that the enforcement of rights with respect to indemnification
and contribution obligations may be limited by applicable law.


 


(v)          
It has the right to enter into this Agreement without the consent of any third party.


 


(vi)         
It is the holder of the respective Note for its own account in the ordinary course of its business.


 


(vii)        
It has not dealt with any broker, investment banker, agent or other person, that may be entitled to any commission or compensation
in connection with the consummation of any of the transactions contemplated hereby.


 


(viii)       
It is a Qualified Transferee.


 


8.         
   Independent Analyses of each Holder.


 


Each Holder acknowledges
that, except for the representations made in Section 7, it has, independently and without reliance upon any other Holders
and based on such documents and information as such Holder has deemed appropriate, made its own credit analysis and decision to
purchase its respective Note. Each Holder hereby acknowledges that the other Holders shall have no responsibility for (i) the
collectability of the Mortgage Loan, (ii) the validity, enforceability or legal effect of any of the Mortgage Loan Documents
or the title insurance policy or policies or any survey furnished or to be furnished in connection with the origination of the
Mortgage Loan, (iii) the validity, sufficiency or effectiveness of the lien created or to be created by the Mortgage Loan
Documents, or (iv) the financial condition of the Borrower. Each Holder assumes all risk of loss in connection with its respective
Note for reasons other than gross negligence, willful misconduct or breach of this Agreement by any other Holder or gross negligence,
willful misconduct or bad faith by any Servicer, subject to the terms of the Servicing Agreement (pursuant to which the liability
of the Servicers may be further limited or expanded as set forth therein).


 


9.            
No Creation of a Partnership or Exclusive Purchase Right.


   


Nothing contained in
this Agreement, and no action taken pursuant hereto, shall be deemed to constitute among any Holder (or the Master Servicer, Special
Servicer or Trustee on its behalf) and any other Holder a partnership, association, joint venture or other entity. Each Holder
(or the Master Servicer, Special Servicer or Trustee on its behalf) shall have no obligation whatsoever to offer to the other Holders
the opportunity to purchase notes or interests relating to


 






    -21- 


     


    

 


any future loans originated by such Holder or any of its Affiliates,
and if any Holder chooses to offer to any of the other Holders, the opportunity to purchase notes or interests in any future mortgage
loans originated by such Holder or its Affiliates, such offer shall be at such purchase price and interest rate as such Holder
chooses, in its sole and absolute discretion. None of the Holders shall have any obligation whatsoever to purchase from any other
Holder any notes or interests in any future loans originated by any other Holder or any of its Affiliates.


 


10.          
Not a Security.


 


None of Note A-1 Holder, Note A-2 Holder,
Note A-2 Holder, Note A-4 Holder, Note A-5 Holder, Note A-6-1 Holder or Note A-6-2 Holder shall be deemed to be a security within
the meaning of the Securities Act of 1933 or the Securities Exchange Act of 1934.


 


11.          
Other Business Activities of the Holders.


 


Each Holder acknowledges
that the other Holders may make loans or otherwise extend credit to, and generally engage in any kind of business with, any Borrower
Party Affiliate, and receive payments on such other loans or extensions of credit to any Borrower Party Affiliate and otherwise
act with respect thereto freely and without accountability, but only if none of the foregoing violate the Mortgage Loan Documents,
in the same manner as if this Agreement and the transactions contemplated hereby were not in effect.


 


12.          
Transfer of Notes.


 


(a)          
Each Holder may Transfer up to 49% (in the aggregate) of its beneficial interest in its Note whether or not the related
transferee is a Qualified Transferee without a Rating Agency Confirmation. Each Holder agrees it shall not Transfer more than 49%
(in the aggregate) of its beneficial interest in its Note, except to a Qualified Transferee, unless (i) prior to a Securitization
of any Note, the other Holders have consented to such Transfer, in which case the related transferee (and its Affiliates) shall
thereafter be deemed to be a “Qualified Transferee” for all purposes under this Agreement, (ii) after a Securitization
of any Note, a Rating Agency Confirmation has been received with respect to such Transfer, in which case the related transferee
shall thereafter be deemed to be a “Qualified Transferee” for all purposes under this Agreement, or (iii) such Transfer
is in connection with a sale by a Securitization Trust; provided that if such Transfer is a Transfer of the Lead Note, such Transfer
is to a Qualified Transferee. With respect to any Transfers pursuant to (i) or (ii) above (except with respect to a Transfer to
a Securitization Trust) such transferee must (x) assume in writing the obligations of the transferring Holder hereunder and agree
to be bound by the terms and provisions of this Agreement and, if applicable, the Servicing Agreement and (y) remake each of the
representations and warranties contained herein for the benefit of the other Holders. Notwithstanding the foregoing, without the
non-transferring Holder’s prior consent (which will not be unreasonably withheld), and, if such non-transferring Holder’s
Note is in a Securitization, without a Rating Agency Confirmation from each Rating Agency that has been engaged by the Depositor
to rate the securities issued in connection with such Securitization, no Holder shall Transfer all or any portion of its Note to
a Borrower or a Borrower Party Affiliate and any such Transfer shall be absolutely null and void and shall vest no rights in the
purported transferee.


 






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(b)          
Except for a Transfer made in connection with a Securitization, or a Transfer made by a Holder to an Affiliate, at least
five (5) days prior to a transfer of any Note, the transferring Holder shall provide to the other Holders and, if any Certificates
are outstanding, to the Rating Agencies, a certification that such transfer will be made in accordance with this Section 12,
such certification to include (1) the name and contact information of the transferee and (2) if applicable, a certification
by the transferee that it is a Qualified Transferee.


 


(c)          
The Holders acknowledge and agree that, to the extent Rating Agency Confirmation is specifically required, any Rating Agency
Confirmation may be granted or denied by the Rating Agencies in their sole and absolute discretion and that such Rating Agencies
may charge the transferring Holder customary fees in connection with providing such Rating Agency Confirmation.


 


(d)          
Notwithstanding anything to the contrary contained herein, each Holder may pledge or transfer (a “Pledge”)
its Note to any entity (other than a Borrower or any Borrower Party Affiliate) that has extended a credit facility to such Holder
or has entered into a repurchase agreement with such Holder and that, in each case, is either a Qualified Transferee or a financial
institution whose long-term unsecured debt is rated at least “A” (or the equivalent) or better by each Rating Agency
(a “Note Pledgee”), or to a Person with respect to which a Rating Agency Confirmation has been obtained, on
terms and conditions set forth in this Section 12(d), it being further agreed that a financing provided by a Note Pledgee
to any Holder or any Affiliate that controls such Holder that is secured by such Holder’s interest in its respective Note
and is structured as a repurchase arrangement, shall qualify as a “Pledge” hereunder on the condition that all applicable
terms and conditions of this Section 12 are complied with. A Note Pledgee that is not a Qualified Transferee may not
take title to a Note without a Rating Agency Confirmation. Upon written notice, if any, by the pledging Holder to the other Holders
and the Servicer that a Pledge has been effected (including the name and address of the applicable Note Pledgee), the other Holders
agree to acknowledge receipt of such notice and thereafter agree: (i) to give such Note Pledgee written notice of any default
by the pledging Holder in respect of its obligations under this Agreement of which default such Holder has actual knowledge and
which notice shall be given simultaneously with the giving of such notice to the pledging Holder; (ii) to allow such Note
Pledgee a period of ten (10) Business Days to cure a default by the pledging Holder in respect of its obligations to the other
Holders hereunder, but such Note Pledgee shall not be obligated to cure any such default; (iii) that no amendment, modification,
waiver or termination of this Agreement or the Servicing Agreement (if the pledging Holder had the right to consent to such amendment,
modification, waiver or termination pursuant to the terms hereof) shall be effective against such Note Pledgee without the written
consent of such Note Pledgee, which consent shall not be unreasonably withheld, conditioned or delayed and which consent shall
be deemed to be given if Note Pledgee shall fail to respond to any request for consent to any such amendment, modification, waiver
or termination within 10 days after request therefor; (iv) that the other Holders shall accept any cure by such Note Pledgee
of any default of the pledging Holder which such pledging Holder has the right to effect hereunder, as if such cure were made by
such pledging Holder; (v) that the other Holders or Servicer shall deliver to Note Pledgee such estoppel certificate(s) as
Note Pledgee shall reasonably request, provided that any such certificate(s) shall be in a form reasonably satisfactory
to the other Holders; and (vi) that, upon written notice (a “Redirection Notice”) to the Servicer by such
Note Pledgee that the pledging Holder is in default beyond any applicable cure periods with respect to the pledging


 






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Holder’s
obligations to such Note Pledgee pursuant to the applicable credit agreement or other agreements relating to the Pledge between
the pledging Holder and such Note Pledgee (which notice need not be joined in or confirmed by the pledging Holder), and until such
Redirection Notice is withdrawn or rescinded by such Note Pledgee, Note Pledgee (or at any time that pledging Holder otherwise
directs that such payment be made to Note Pledgee pursuant to a separate notice) shall be entitled to receive any payments that
any Servicer would otherwise be obligated to make to the pledging Holder from time to time pursuant to this Agreement or any Servicing
Agreement. Any pledging Holder hereby unconditionally and absolutely releases the other Holders and any Servicer from any liability
to the pledging Holder on account of any Holder’s or Servicer’s compliance with any Redirection Notice believed by
any Servicer or other Holders in good faith to have been delivered by a Note Pledgee. Note Pledgee shall be permitted to exercise
fully its rights and remedies against the pledging Holder (and accept an assignment in lieu of foreclosure as to such collateral),
in accordance with applicable law, the pledge agreement, repurchase agreement or similar agreement between the pledging Holder
and the Note Pledgee and this Agreement. In such event, or if the pledging holder otherwise assigns its interests to the Note Pledgee,
the other Holders and the Servicer shall recognize such Note Pledgee (and any transferee (other than a Borrower or any Borrower
Party Affiliate) that is also a Qualified Transferee at any foreclosure or similar sale held by such Note Pledgee or any transfer
in lieu of foreclosure), and such Person’s successor and assigns, as the successor to the pledging Holder’s rights,
remedies and obligations under this Agreement, and any such Note Pledgee or Qualified Transferee shall assume in writing the obligations
of the pledging Holder hereunder accruing from and after such Transfer (i.e., realization upon the collateral by such Note
Pledgee) and agrees to be bound by the terms and provisions of this Agreement. The rights of a Note Pledgee under this Section 12(d)
shall remain effective as to any Holder (and any Servicer) unless and until such Note Pledgee shall have notified such Holder (and
any Servicer, as applicable) in writing that its interest in the pledged Note has terminated.


 


13.          
Exercise of Remedies by the Servicer.


 


(a)          
Subject to the terms of this Agreement and the Servicing Agreement and subject to the rights and consents, where required,
of the Directing Holder, the Servicer shall have the sole and exclusive authority with respect to the administration of, and exercise
of rights and remedies with respect to, the Mortgage Loan, including, without limitation, the sole and exclusive authority to (i) modify
or waive any of the terms of the Mortgage Loan Documents, (ii) consent to any action or failure to act by the Borrower or
any party to the Mortgage Loan Documents, (iii) vote all claims with respect to the Mortgage Loan in any bankruptcy, insolvency
or other similar proceedings and (iv) to take legal action to enforce or protect the Holders’ interests with respect
to the Mortgage Loan or to refrain from exercising any powers or rights under the Mortgage Loan Documents, including the right
at any time to call or waive any Events of Default, or accelerate or refrain from accelerating the Mortgage Loan or institute any
foreclosure action, and the Holders shall have no voting, consent or other rights whatsoever with respect to the Servicer’s
administration of, or exercise of its rights and remedies with respect to, the Mortgage Loan other than as provided in the Servicing
Agreement. Subject to the terms and conditions of the Servicing Agreement, the Servicer shall have the sole and exclusive authority
to make Property Advances with respect to the Mortgage Loan. Except as otherwise provided in this Agreement, each Holder agrees
that it shall have no right to, and hereby presently and


 






    -24- 


     


    

 


irrevocably assigns and conveys to the Servicer the rights, if any, that
such Holder has to (A) call or cause the Servicer to call an Event of Default under the Mortgage Loan, or (B) exercise
any remedies with respect to the Mortgage Loan or the Borrower, including, without limitation, filing or causing the Lead Note
Holder or such Servicer to file any bankruptcy petition against the Borrower. Each Holder shall, from time to time, execute such
documents as any Servicer shall reasonably require to evidence such assignment with respect to the rights described in clause (iii)
of the first sentence in this Section 13(a).


 


(b)         
The Servicer and the related Trustee shall not have any fiduciary duty to the Non-Lead Note Holders in connection with the
administration of the Mortgage Loan (but the foregoing shall not relieve the Servicer and the related Trustee from their respective
obligation under the Servicing Agreement to make any disbursement of funds as set forth herein).


 


(c)          
The Holders hereby acknowledge and agree that the Servicing Agreement shall provide that, subject to the satisfaction of
the conditions set forth in the next sentence, upon the Mortgage Loan becoming a Defaulted Loan, if the Special Servicer determines
to sell the Defaulted Loan (or the Lead Note), it will be required to sell the entire Defaulted Loan as a single whole loan (i.e.,
both the Lead Note and Non-Lead Notes). Any such sale of the entire Defaulted Loan is subject to the satisfaction of the following:


 


(i)           
Each Non-Lead Note Holder has provided written consent to such sale; or


 


(ii)          
The Special Servicer has delivered the following notices and information to each Non-Lead Note Holder:


 


(1)         
at least 15 Business Days prior written notice of any decision to attempt to sell the Defaulted Loan;


 


(2)         
at least 10 days prior to the proposed sale date, a copy of each bid package (together with any amendments to such bid packages)
received by the Special Servicer in connection with any such proposed sale;


 


(3)         
at least 10 days prior to the proposed sale date, a copy of the most recent Appraisal for the Mortgage Loan, and any documents
in the Servicing File requested by a Non-Lead Note Holder; and


 


(4)         
until the sale is completed and a reasonable period of time (but no less time than is afforded to other offerors and the
Directing Holder) prior to the proposed sale date, all information and other documents being provided to other offerors and all
leases or other documents that are approved by the Master Servicer or the Special Servicer in connection with the proposed sale.


 


Any Non-Lead Note Holder
may waive any delivery or timing requirements set forth above only for itself. Subject to the foregoing, each of the Lead Note
Holder, the Directing Holder, the Non-Lead Note Holders and the Non-Directing Holders shall


 






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be permitted to submit an offer at
any sale of the Defaulted Loan (unless such Person is a Borrower or a Borrower Party Affiliate).


 


The Non-Lead Note Holders
hereby appoint the Lead Note Holder as their agent, and grant to the Lead Note Holder an irrevocable power of attorney coupled
with an interest, and its proxy, for the purpose of soliciting and accepting offers for and consummating the sale of the Non-Lead
Notes. Each Non-Lead Note Holder further agrees that, upon the request of the Lead Note Holder, each such Non-Lead Note Holder
shall execute and deliver to or at the direction of Lead Note Holder such powers of attorney or other instruments as the Lead Note
Holder may reasonably request to better assure and evidence the foregoing appointment and grant, in each case promptly following
such request, and shall deliver the related original Non-Lead Note, endorsed in blank, to or at the direction of the Lead Note
Holder in connection with the consummation of any such sale.


 


(d)         
Notwithstanding anything to the contrary contained herein, the exercise by the Servicer on behalf of the Holders of its
rights under this Section 13 shall be subject in all respects to any section of the Servicing Agreement governing REMIC
administration, and in no event shall the Servicer be permitted to take any action or refrain from taking any action if taking
or failing to take such action, as the case may be, would violate the laws of any applicable jurisdiction, breach the Mortgage
Loan Documents or be inconsistent with the Servicing Standard or violate any other provisions of the Servicing Agreement or violate
the REMIC provisions of the Code or any regulations promulgated thereunder, including, without limitation, the provisions of Section
2(f) of this Agreement.


 


14.         
Rights of the Directing Holder.


 


(a) The Directing Holder
shall be entitled to exercise the rights and powers granted to the Directing Holder hereunder and the rights and powers granted
to the “Directing Holder,” “Controlling Class Certificateholder,” “Controlling Class Representative”
or similar party under, and as defined in, the Servicing Agreement with respect to the Mortgage Loan. In addition, the Directing
Holder shall be entitled to advise (1) the Special Servicer with respect to all matters related to a Specially Serviced Mortgage
Loan and (2) the Special Servicer with respect to all matters for which the Master Servicer must obtain the consent or deemed
consent of the Special Servicer, and, except as set forth below (i) the Master Servicer shall not be permitted to take any
Major Action unless it has obtained the prior written consent of the Special Servicer and (ii) the Special Servicer shall
not be permitted to consent to the Master Servicer’s taking any Major Action nor will the Special Servicer itself be permitted
to take any Major Action as to which the Directing Holder has objected in writing within ten (10) Business Days (or 30 days with
respect to an Acceptable Insurance Default) after receipt of the written recommendation and analysis and such additional information
requested by the Directing Holder as may be necessary in the reasonable judgment of the Directing Holder in order to make a judgment
with respect to such Major Action. The Directing Holder may also direct the Special Servicer to take, or to refrain from taking,
such other actions with respect to the Mortgage Loan as the Directing Holder may deem advisable, subject to the terms of the Servicing
Agreement.


 


(b)           If
the Directing Holder fails to notify the Special Servicer of its approval or disapproval of any proposed Major Action within ten
(10) Business Days (or 30 days with


 






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respect to an Acceptable Insurance Default) after delivery to the Directing Holder by the applicable
Servicer of written notice of a proposed Major Action together with any information requested by the Directing Holder as may be
necessary in the reasonable judgment of the Directing Holder in order to make a judgment, then upon the expiration of such ten
(10) Business Day (or 30 days with respect to an Acceptable Insurance Default) period, such Major Action shall be deemed to have
been approved by the Directing Holder.


 


(c)           In
the event that the Special Servicer or Master Servicer (in the event the Master Servicer is otherwise authorized by the Servicing
Agreement to take such action), as applicable, determines that immediate action, with respect to the foregoing matters, or any
other matter requiring consent of the Directing Holder is necessary to protect the interests of the Holders (as a collective whole)
and the Special Servicer has made a reasonable effort to contact the Directing Holder, the Master Servicer or the Special Servicer,
as the case may be, may take any such action without waiting for the Directing Holder’s response.


 


(d)           No
objection, direction or advice contemplated by the preceding paragraphs may require or cause the Master Servicer or the Special
Servicer, as applicable, to violate any provision of the Mortgage Loan Documents, applicable law, the Servicing Agreement, this
Agreement, the REMIC provisions of the Code or the Master Servicer or Special Servicer’s obligation to act in accordance
with the Servicing Standard or expose the Master Servicer or the Special Servicer to liability, or materially expand the scope
of the Master Servicer’s or the Special Servicer’s responsibilities under the Servicing Agreement.


 


(e)           The
Directing Holder shall have no liability to the other Holders or any other Person for any action taken, or for refraining from
the taking of any action or the giving of any consent or the failure to give any consent pursuant to this Agreement or the Servicing
Agreement, or errors in judgment, absent any loss, liability or expense incurred by reason of its willful misfeasance, bad faith
or gross negligence. The Holders agree that the Directing Holder may take or refrain from taking actions, or give or refrain from
giving consents, that favor the interests of one Holder over the other Holder, and that the Directing Holder may have special relationships
and interests that conflict with the interests of another Holder and, absent willful misfeasance, bad faith or gross negligence
on the part of the Directing Holder agree to take no action against the Directing Holder or any of its officers, directors, employees,
principals or agents as a result of such special relationships or interests, and that the Directing Holder will not be deemed to
have been grossly negligent or reckless, or to have acted in bad faith or engaged in willful misfeasance or to have recklessly
disregarded any exercise of its rights by reason of its having acted or refrained from acting, or having given any consent or having
failed to give any consent, solely in the interests of any Holder.


 


15.          
Appointment of Special Servicer.


 


Subject to the terms
of the Servicing Agreement, the Directing Holder shall have the right at any time and from time to time, with or without cause,
to replace the Special Servicer then acting with respect to the Mortgage Loan and appoint a Qualified Servicer as the replacement
Special Servicer in lieu thereof. The Directing Holder shall designate a Person to serve as Special Servicer by delivering to the
other Holders and the parties to the Note A-1 PSA, the Note A-2 PSA, the Note A-3 PSA, the Note A-4 PSA, the Note A-5 PSA, the
Note A-6-1


 






    -27- 


     


    

 


PSA and the Note A-6-2 PSA a written notice stating such designation and by satisfying the other conditions required
under the Servicing Agreement (including, without limitation, a Rating Agency Confirmation, if required by the terms of the Servicing
Agreement), if any. The Directing Holder initially designates Rialto Capital Advisors, LLC, as the initial Special Servicer under
the Note A-6-1 PSA, until such time as the Note A-1 PSA is the Servicing Agreement, whereupon the Special Servicer appointed under
the Note A-1 PSA shall be the Special Servicer appointed by the Directing Holder.


 


16.          
Rights of the Non-Directing Holders.


 


(a)          
The Servicing Agreement shall provide that the Servicer shall be required:


 


(i)           
to provide copies of the same notices, information and reports that it is required to provide to the Directing Holder pursuant
to the Servicing Agreement with respect to any Major Actions or the implementation of any recommended actions outlined in an Asset
Status Report relating to the Mortgage Loan to the Non-Directing Holders (but without regard to whether or not the Directing Holder
actually has lost any rights to receive such information as a result of a Consultation Termination Event), within the same time
frame as specified with respect to the Directing Holder (but without regard to whether or not the Directing Holder actually has
lost any rights to receive such information as a result of a Consultation Termination Event), provided, however,
that if a Non-Lead Note has been included in a Securitization, then for any information for which the Special Servicer would be
required to provide to such Non-Directing Holder, the Special Servicer shall provide such notice to the master servicer of the
other Securitization transaction, who shall forward such notice as and when required under the terms of the related Securitization
documents; and


 


(ii)          
to consult with each Non-Directing Holder on a strictly non-binding basis, if, having received such notices, information
and reports, such Non-Directing Holder requests consultation with respect to any such Major Action or the implementation of any
recommended actions outlined in an Asset Status Report relating to the Mortgage Loan, and consider alternative actions recommended
by such Non-Directing Holder; provided that after the expiration of a period of ten (10) Business Days from the delivery
to each Non-Directing Holder of written notice of a proposed action, together with copies of the notice, information and report
required to be provided to the Directing Holder, the Servicer shall no longer be obligated to consult with the Non-Directing Holders,
whether or not the Non-Directing Holders have responded within such ten (10) Business Day period (unless the Servicer proposes
a new course of action that is materially different from the action previously proposed, in which case such ten (10) Business Day
period shall be begin anew from the date of such proposal and delivery of all information relating thereto).


 


(b)          
Notwithstanding the foregoing non-binding consultation rights of the Non-Directing Holders, the Servicer may take any Major
Action or any action set forth in the Asset Status Report before the expiration of the aforementioned ten (10) Business Day period
if the Servicer determines that immediate action with respect thereto is necessary to protect the interests of the Holders.


 






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(c)          
In addition to the foregoing non-binding consultation rights, the Non-Directing Holders shall have the right to participate
in annual conference calls with the Master Servicer or the Special Servicer upon reasonable notice and at times reasonably acceptable
to the Master Servicer or the Special Servicer, as applicable, in which servicing issues related to the Mortgage Loan are discussed.


 


(d)          
In no event shall the Servicer be obligated at any time to follow or take any alternative actions recommended by any of
the Non-Directing Holders.


 


(e)          
Any Non-Directing Holder that is a Borrower or a Borrower Party Affiliate shall not be entitled to any of the rights set
forth in this Section 16.


 


17.          
Advances; Reimbursement of Advances.


 


(a)          
From time to time, (i) pursuant to terms of the Servicing Agreement, the Servicer and/or the related Trustee may be
obligated to make (1) Property Advances with respect to the Mortgage Loan or the Mortgaged Property and (2) P&I Advances
with respect to the Lead Note and (ii) pursuant to the terms of a Non-Lead Servicing Agreement, the related Non-Lead Master
Servicer and/or the related Trustee may be obligated to make P&I Advances with respect to a Non-Lead Note. The Servicer and/or
the related Trustee will not be required to make any P&I Advance with respect to any Non-Lead Note and the related Non-Lead
Master Servicer and/or the related Trustee will not be required to make any P&I Advance with respect to any Lead Note, any
other Non-Lead Note or any Property Advance. The Servicer, each Non-Lead Master Servicer and any Trustee will be entitled to interest
on any Advance made in the manner and from the sources provided in the Note A-1 PSA, the Note A-2 PSA, the Note A-3 PSA, the Note
A-4 PSA, the Note A-5 PSA, the Note A-6-1 PSA or the Note A-6-2 PSA, as applicable.


 


(b)          
The Servicer and the related Trustee, as applicable, will be entitled to reimbursement for a Property Advance, first
from the Collection Account established with respect to the Mortgage Loan, and then, if such Property Advance is a Nonrecoverable
Advance, if such funds on deposit in the Collection Account are insufficient, from general collections of the Lead Securitization
as provided in the Servicing Agreement.


 


(c)          
To the extent amounts on deposit in the Collection Account with respect to the Mortgage Loan are insufficient to reimburse
the Servicer for any Property Advance and/or interest thereon and the Servicer or the related Trustee, as applicable, obtains funds
from general collections of the Lead Securitization as a reimbursement for a Property Advance or interest thereon, each Non-Lead
Note Holder (including any Securitization into which any Non-Lead Note is deposited) shall be required to, promptly following notice
from the Servicer, pay to the Lead Securitization for its pro rata share of such Property Advance and/or interest thereon
at the Reimbursement Rate. In addition, each Non-Lead Note Holder (including any Securitization into which any Non-Lead Note is
deposited) shall promptly reimburse the Servicer or the related Trustee for such Non-Lead Note Holder’s pro rata share
of any fees, costs or expenses incurred in connection with the servicing and administration of the Mortgage Loan as to which the
Lead Securitization or any of the parties thereto are entitled to be reimbursed pursuant to the terms of the Servicing Agreement
(to the extent amounts on deposit in the Collection Account with respect to the Mortgage Loan are insufficient for reimbursement
of such amounts).


 






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(d)          
The parties to each of the Note A-1 PSA, the Note A-2 PSA, the Note A-3 PSA, the Note A-4 PSA, the Note A-5 PSA, the Note
A-6-1 PSA and the Note A-6-2 PSA shall each be entitled to make their own recoverability determination with respect to a P&I
Advance based on the information that they have on hand and in accordance with the Note A-1 PSA, the Note A-2 PSA, the Note A-3
PSA, the Note A-4 PSA, the Note A-5 PSA, the Note A-6-1 PSA or the Note A-6-2 PSA, as applicable.


 


(e)          
If the Servicer or the related Trustee elects to defer the reimbursement of a Property Advance in accordance with the terms
of the Servicing Agreement, the Servicer or the related Trustee shall also defer its reimbursement of each Non-Lead Note share
from the Non-Lead Note Holders.


 


18.          
Provisions Relating to Securitization.


 


(a)          
New Notes. For so long as a Note is not included in a Securitization, the Holder of such Note (the “Resizing Holder”)
shall have the right, subject to the terms of the Mortgage Loan Documents, to cause the Borrower to execute amended and restated
notes (“Amended Notes”) or additional notes (“New Notes”) reallocating the principal of the
Note or Notes that it owns (but in no case any Note that it does not then own) among Amended Notes and New Notes or severing a
Note into one or more further “component” notes in the aggregate principal amount equal to the then outstanding principal
balance of the Note or Notes being amended or created, provided that (i) the aggregate principal balance of the Amended
Notes and New Notes following such amendments is no greater than the principal balance of the Amended Notes and New Notes prior
to such amendments, (ii) all New Notes continue to have the same interest rate as the Amended Note of which it was a part prior
to such amendments, (iii) all New Notes pay pro rata and on a pari passu basis with the Amended Notes and such reallocated
or component notes shall be automatically subject to the terms of this Agreement and (iv) the Resizing Holder holding the New Notes
shall notify each other Holder, as applicable, and, if any other Note has been included in a securitization, the parties under
each applicable PSA, in writing (which may be by email) of such modified allocations and principal amounts. In connection with
the foregoing, (1) the Master Servicer is hereby authorized to execute amendments to the Loan Agreement and this Agreement (or
to amend and restate the Loan Agreement and this Agreement) on behalf of any or all of the Holders solely for the purpose of reflecting
such reallocation of principal or such severing of a Note, (2) if a Note is severed into “component” notes, such component
notes shall each have their same rights as the respective original Note, (3) the definition of the term “Securitization”
and all of the related defined terms may be amended (and new terms added, as necessary) to reflect the New Notes and (4) if the
Lead Note is severed into “component” notes, another Note (or one of the New Notes) may be substituted for Note A-1
in the definition of “Directing Holder” and the definitions of “Lead Note” and “Lead Securitization”
and Non-Directing Holders” will be revised accordingly. Neither Rating Agency Confirmation nor approval of the Directing
Holder shall be required for any amendments to this Agreement required to facilitate the terms of this Section 18(a). The Resizing
Holder whose Note is being reallocated or split pursuant to this Section 18(a) shall reimburse the other Holders for all
costs and expenses incurred by the other Holders in connection with the reallocation or split.


 


(b)          
Each Non-Lead Servicing Agreement shall provide that:


 






    -30- 


     


    

 


(i)           
the applicable master servicer or Trustee for such Securitization shall be required to notify the master servicer, special
servicer and Trustee of each other Securitization of the amount of any P&I Advance it has made with respect to the Note included
in such Securitization within two Business Days of making such advance;


 


(ii)          
if the applicable master servicer, special servicer or Trustee determines that a proposed P&I Advance, if made, or any
outstanding P&I Advance previously made, would be, or is, as applicable, a nonrecoverable advance, the master servicer shall
provide the other servicers written notice of such determination within 2 Business Days after such determination was made;


 


(iii)         
in the event such Non-Lead Note Holder is responsible for its proportionate share of any Nonrecoverable Advances (or any
other portion of a Nonrecoverable Advance) (and advance interest thereon) or other fee or expense pursuant to Section 17 and
funds received with respect to such Non-Lead Note are insufficient to cover such amounts, (x) the related master servicer will
be required to pay the Master Servicer, Special Servicer or Trustee under the Servicing Agreement, as applicable, out of general
funds in the collection account (or equivalent account) established under the related Non-Lead Servicing Agreement and (y) if
the Servicing Agreement permits the Master Servicer, Special Servicer or Trustee under the Servicing Agreement to pay itself from
the Lead Securitization Trust’s general account then the master servicer under the related Non-Lead Servicing Agreement
will be required to reimburse the Lead Securitization Trust out of general funds in the collection account (or equivalent account)
established under the related Non-Lead Servicing Agreement;


 


(iv)         
each of the Master Servicer and the Special Servicer shall be indemnified (as and to the same extent the Lead Securitization
Trust is required to indemnify each such party) against any claims, losses, penalties, fines, forfeitures, legal fees and related
costs, judgments and any other costs, liabilities, fees and expenses, incurred in connection with any PSA that relate solely to
its servicing of the Mortgage Loan, as applicable, and the master servicer under the related Non-Lead Servicing Agreement will
be required to reimburse the Master Servicer, Special Servicer or Trustee under the Servicing Agreement, as applicable, out of
general funds in the collection account (or equivalent account) established under the related Non-Lead Servicing Agreement;


 


(v)         
each of Trustee and the master servicer under the Non-Lead Servicing Agreement, as applicable, shall acknowledge that,
(i) each of the Master Servicer and the Trustee under the Servicing Agreement will be a third party beneficiary under the Non-Lead
Servicing Agreement with respect to any provisions therein relating to (1) the reimbursement of any nonrecoverable advances made
with respect to such Non-Lead Note by the Master Servicer or the Trustee under the Servicing Agreement and (2) as to the Master
Servicer only, the indemnification of the Master Servicer against any claims, losses, penalties, fines, forfeitures, legal fees
and related costs, judgments and any other costs, liabilities, fees and expenses, incurred in connection with any PSA and relating
to such Non-Lead Note and (ii) the Special Servicer will be a third party beneficiary under the related Non-Lead Servicing Agreement
with respect to any provisions therein relating to (1) the reimbursement of any nonrecoverable advances made with respect to such
Non-


 






    -31- 


     


    

 


Lead Note by the Special Servicer (it being understood that the Special Servicer is not required to make any Advances) and
(2) the indemnification of the Special Servicer against any claims, losses, penalties, fines, forfeitures, legal fees and related
costs, judgments and any other costs, liabilities, fees and expenses, incurred in connection with any PSA and relating to such
Non-Lead Note; and


 


(vi)         
the Master Servicer and the Special Servicer shall be third party beneficiaries of the foregoing provisions.


 


(c)          
Notice to Parties to the Servicing Agreement.


 


(i)           
The Note A-1 Holder shall provide the Depositor, the Servicer, and the Special Servicer under each Non-Lead PSA (provided
such party is not also a party to the Note A-1 PSA)notice of the Note A-1 Securitization in writing (which may be by email) prior
to or promptly following the Note A-1 Securitization Date. Such notice shall contain contact information for each of the parties
to the Note A-1 PSA and the identity of the Directing Holder under the Note A-1 PSA. In addition, after the Note A-1 Securitization
Date, the Note A-1 Holder shall send a copy of the Note A-1 PSA to the Depositor, the Servicer, and the Special Servicer under
each Non-Lead PSA (provided such party is not also a party to the Note A-1 PSA).


 


(ii)         
Each Non-Lead Note Holder shall provide the Depositor, the Servicer, and the Special Servicer under the Servicing Agreement
(as of the closing date of the related Securitization) (provided such party is not also a party to the Non-Lead Servicing Agreement)
and, if such transfer occurs prior to the Note A-1 Securitization, the Note A-1 Holder, notice of the Securitization of its Note
in writing (which may be by email) prior to or promptly following the closing date of such Securitization. Such notice shall contain
contact information for each of the parties to the Non-Lead Servicing Agreement and the identity of the Non-Directing Holder under
such Securitization. In addition, after the closing date of any such Securitization, the Non-Lead Note Holder shall send a copy
of the related Non-Lead Servicing Agreement to the Depositor, the Servicer, and the Special Servicer under the Servicing Agreement
(provided such party is not also a party to such Non-Lead Servicing Agreement) and to the Note A-1 Holder.


 


(d)           The
Servicing Agreement shall:


 


(i)            provide
that the Master Servicer and Trustee for such Securitization shall be required to notify the servicer, special servicer and Trustee
of each other Securitization of the amount of any P&I Advance it has made with respect to the Note included in such Securitization
within two Business Days of making such advance;


 


(ii)           provide that if the Master Servicer or Trustee determines that a proposed P&I Advance, if made, or any outstanding P&I
Advance previously made, would be, or is, as applicable, a nonrecoverable advance, the Master Servicer shall provide the other
servicers written notice of such determination within two Business Days after such determination was made;


 






    -32- 


     


    

 


(iii)          provide that the Master Servicer shall remit all payments received (or advanced) with respect to any Non-Lead Note, net
of its Servicing Fee and any other applicable fees and reimbursements payable to the Master Servicer, the Special Servicer and
the Trustee, to the Non-Lead Holder on the applicable Master Servicer Remittance Date;


 


(iv)          provide that the Master Servicer agrees to make available to each master servicer under a Non-Lead Servicing Agreement CREFC®
Investor Reporting Package® pursuant to the terms of the Servicing Agreement on a monthly basis;


 


(v)          
provide that the Master Servicer, any primary servicer, the Special Servicer and the Trustee for the Lead Securitization,
certificate administrator or other party acting as custodian for the Lead Securitization shall be required to deliver (and shall
be required to cause each other servicer and servicing function participant (within the meaning of Items 1123 and 1122, respectively,
of Regulation AB) retained or engaged by it to deliver), to the parties to any Non-Lead Servicing Agreement, at its own expense,
in a timely manner, the reports, certifications, compliance statements, accountants’ assessments and attestations, information
to be included in reports (including, without limitation, Form 15G, Form 10K, Form 10D, Form 8K), and other materials specified
in each of the other Servicing Agreements as the parties to each Non-Lead Securitization may require in order to comply with their
obligations under the Securities Act of 1933, as amended, Securities Exchange Act of 1934 (including Rule 15Ga-1), as amended,
and Regulation AB, and any other applicable law. Without limiting the generality of the foregoing, each Lead Note Holder for a
Lead Securitization shall provide in a timely manner to the depositor and the Trustee for any prior Securitization a copy of the
Servicing Agreement and each Servicer (at the expense of the Lead Note Holder) will be required, upon prior written request, to
provide to the depositor and the Trustee for any prior Securitization any other information required to comply in a timely manner
with applicable filing requirements under Items 1.01 and 6.02 of Form 8-K, any other disclosure information required pursuant to
Regulation AB in a timely manner for inclusion in any disclosure document (and, with respect to the Servicing Agreement, for filing
under Form 8-K), and with respect to the Servicers, upon prior written request, market indemnification agreements, opinions and
Regulation AB compliance letters as were or are being delivered with respect to the Lead Securitization. As used in this Agreement,
“Regulation AB” means Subpart 229.1100 – Asset Backed Securities (Regulation AB), 17 C.F.R. §§  229.1100-229.1125,
as such may be amended from time to time, and subject to such clarification and interpretation as have been provided by the United
States Securities and Exchange Commission (the “Commission”) or by the staff of the Commission, or as may be
provided by the Commission or its staff from time to time, in each case as effective from time to time as of the compliance dates
specified therein. The Master Servicer, any primary servicer and the Special Servicer, upon prior written request, shall each be
required to provide certification and indemnification to each Certifying Person with respect to the Sarbanes-Oxley Certification
(or analogous terms) as such terms are defined in the related Non-Lead Servicing Agreements;


 


(vi)         
provide that the servicing duties of each of the Master Servicer and Special Servicer under the Servicing Agreement shall
include the duty to service each Non-Lead


 






    -33- 


     


    

 


Note on behalf of the related Trustees and related Certificate holders in accordance
with the terms and provisions of this Agreement and that any conflict between the Servicing Agreement and this Agreement shall
be resolved in favor of this Agreement;


 


(vii)        
provide that, with respect to any/each Non-Lead Note, the Master Servicer shall withdraw from the related Collection Account
and remit to the Holder of such Non-Lead Note, within one (1) Business Day of receipt of properly identified and available funds,
any amounts that represent late collections or principal prepayments on such Non-Lead Note or any successor REO Property with respect
thereto (exclusive of any portion of such amount payable or reimbursable to any third party in accordance with this Agreement),
unless such amount would otherwise be included in the monthly remittance to the Holder of such Non-Lead Note for such month; provided,
however, that to the extent any such amounts are received after 3:00 p.m. Eastern time on any given Business Day, the Master
Servicer shall use commercially reasonable efforts to remit such later collections to the Non-Lead Master Servicer within one Business
Day of receipt of properly identified and available funds but, in any event, the Master Servicer shall remit such amounts within
two Business Days of receipt of properly identified and available funds;


 


(viii)       
provide that the Non-Lead Note Holders are intended third-party beneficiaries in respect of the rights afforded it under
the Servicing Agreement and each master servicer under a Non-Lead Servicing Agreement will be entitled to enforce the rights of
the related Trustee with respect to such Non-Lead Note under this Agreement and the Servicing Agreement;


 


(ix)    
     if a Non-Lead Note becomes the subject of an Asset Review pursuant to the related Non-Lead Servicing
Agreement, the Master Servicer, the Special Servicer, the related Trustee and the related custodian shall reasonably cooperate
with the related Non-Lead Asset Representations Reviewer in connection with such Asset Review by providing such Non-Lead Asset
Representations Reviewer with any documents reasonably requested by such Non-Lead Asset Representations Reviewer, but only to
the extent (x) such documents are in the possession of the Master Servicer, the Special Servicer, such Trustee or such custodian,
as the case may be, and (y) such Non-Lead Asset Representations Reviewer has not been able to obtain such documents from the related
mortgage loan seller;


 


(x)            in connection with (A) any amendment of the Servicing Agreement, a party to such Servicing Agreement is required to provide
a copy of the executed amendment to each Non-Lead Note Holder and one or more parties to the related Non-Lead Servicing Agreement
(which may be by e-mail), together with a copy of such amendment in electronic format, no later than one (1) Business Day from
the effective date of such amendment, and (B) the termination, resignation and/or replacement of the Master Servicer or Special
Servicer under the Servicing Agreement, the replacement “master servicer” or replacement “special servicer”,
as applicable, is required to provide to each Non-Lead Note Holder and one or more parties to the related Non-Lead Servicing Agreement
all disclosure about itself that is required to be included in Form 8-K no later than two (2) Business Days from the date of effectiveness
thereof;


 






    -34- 


     


    

 


(xi)         
Servicer Termination Events with respect to the Master Servicer and the Special Servicer shall include: (i) solely with
respect to the Master Servicer, the failure to timely remit payments to a Non-Lead Note Holder, which failure continues unremedied
for one (1) Business Day following the date on which such payment was to be made; (ii) solely with respect to the Special Servicer,
the failure to deposit into any REO Account any amount required to be so deposited within one (1) Business Day after the date such
deposit was to be made, or the failure to remit to the Master Servicer for deposit into the Collection Account, any amount required
to be so remitted by the Special Servicer within two (2) Business Days after the date such remittance was to be made; and (iii)
the qualification, downgrade or withdrawal, or placing on “watch status” in contemplation of a rating downgrade or
withdrawal of the ratings of any class of certificates issued in connection with a Non-Lead Securitization by the rating agencies
rating such securities (and such qualification, downgrade, withdrawal or “watch status” placement shall not have been
withdrawn by such rating agencies within sixty (60) days of actual knowledge of such event by the Master Servicer or the Special
Servicer, as the case may be), and publicly citing servicing concerns with the Master Servicer or Special Servicer, as applicable,
as the sole or a material factor in such rating action. Upon the occurrence of such a Servicer Termination Event with respect to
the Master Servicer affecting a Non-Lead Note Holder, and the Master Servicer is not otherwise terminated pursuant to the Servicing
Agreement, the Trustee or the Master Servicer shall, upon the direction of a Non-Lead Note Holder, require the appointment of a
subservicer with respect to the related Non-Lead Note. Upon the occurrence of a Servicer Termination Event with respect to the
Special Servicer affecting a Non-Lead Note Holder, and the Special Servicer is not otherwise terminated pursuant to the Servicing
Agreement, the Trustee shall, upon direction of a Non-Lead Note Holder, terminate the Special Servicer with respect to, but only
with respect to, the Mortgage Loan;


 


(xii)        
provide that each master servicer and special servicer under any Non-Lead Servicing Agreement shall be a third-party beneficiary
of the Servicing Agreement with respect to all provisions therein expressly relating to compensation, reimbursement or indemnification
of such master servicer or special servicer, as the case may be, and the provisions regarding coordination of Advances;


 


(xiii)       
provide that the Servicing Agreement shall not be amended in a manner that materially and adversely affects the rights of
the Non-Lead Note Holders without their consent;


 


(xiv)       
provide that, subject to certain applicable market caps and floor provisions, the special servicing, workout and liquidation
fee rates shall not exceed 0.25%, 1.00% and 1.00% (or, if such rate would result in a workout fee or liquidation fee that would
be less than $25,000, such higher rate as would result in a workout fee or liquidation fee equal to $25,000), respectively, subject
to any market minimum special servicing fees and fee offsets set forth in the Servicing Agreement; and


 


(xv)        
satisfy Moody’s rating methodology related to permitted investments and eligible accounts applicable to securities
rated “Aaa” by Moody’s.


 






    -35- 


     


    

 


19.          
Governing Law; Waiver of Jury Trial.


 


THIS AGREEMENT AND ANY
CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS AGREEMENT, THE RELATIONSHIP OF THE PARTIES TO THIS AGREEMENT, AND/OR
THE INTERPRETATION AND ENFORCEMENT OF THE RIGHTS AND DUTIES OF THE PARTIES TO THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED
IN ACCORDANCE WITH THE INTERNAL LAWS AND DECISIONS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE CHOICE OF LAW RULES THEREOF.
EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT
OF OR RELATING TO THIS AGREEMENT.


 


20.          
Modifications.


 


This Agreement shall
not be modified, cancelled or terminated except by an instrument in writing signed by the parties hereto. Additionally, from and
after a Securitization, except to (i) cure any ambiguity, (ii) correct any error, (iii) correct or supplement any
provision herein that may be defective or inconsistent with any other provision or provisions herein or with the Servicing Agreement,
or (iv) as set forth in Section 18(a), this Agreement may not be modified unless a Rating Agency Confirmation
has been delivered with respect to each Securitization.


 


21.          
Successors and Assigns; Third Party Beneficiaries.


 


This Agreement shall
inure to the benefit of and be binding upon the parties hereto and their respective successors and assigns. Each of the Master
Servicer, Non-Lead Master Servicer and related Trustee is an intended third-party beneficiary of this Agreement. Except as provided
in Section 5 and the preceding sentence, none of the provisions of this Agreement shall be for the benefit of or enforceable
by any Person not a party hereto.


 


22.          
Counterparts.


 


This Agreement may be
executed in any number of counterparts and all of such counterparts shall together constitute one and the same instrument. Delivery
of an executed counterpart of a signature page of this Agreement in Portable Document Format (PDF) or by facsimile transmission
shall be as effective as delivery of a manually executed original counterpart of this Agreement


 


23.          
Captions.


 


The titles and headings
of the paragraphs of this Agreement have been inserted for convenience of reference only and are not intended to summarize or otherwise
describe the subject matter of the paragraphs and shall not be given any consideration in the construction of this Agreement.


 






    -36- 


     


    

 


24.          
Notices.


 


Unless otherwise stated,
all notices required hereunder shall be given by (i) telephone (confirmed in writing) or shall be in writing and personally
delivered, (ii) sent by facsimile transmission if the sender on the same day sends a confirming copy of such notice by reputable
overnight delivery service (charges prepaid), (iii) reputable overnight delivery service (charges prepaid) or (iv) certified
United States mail, postage prepaid return receipt requested, and addressed to the respective parties at their addresses set forth
on Exhibit B hereto, or at such other address as any party shall hereafter inform the other party by written notice
given as aforesaid. All written notices so given shall be deemed effective upon receipt.


 


25.          
Custody of Mortgage Loan Documents.


 


The originals of all
of the Mortgage Loan Documents (other than Note A-1, Note A-2, Note A-3, Note A-4, Note A-5 and Note A-6-2) will be held by the
Note A-6-1 Trustee (or by a custodian on its behalf) under the terms of the Note A-6-1 PSA on behalf of all of the Holders until
the Note A-1 Securitization Date, at which time the originals of all of the Mortgage Loan Documents (other than Note A-2, Note
A-3, Note A-4, Note A-5 and Note A-6-1) will be transferred to and held by the Note A-1 Trustee (or by a custodian on its behalf)
on behalf of all of the Holders.


 


26.          
Previous Co-Lender Agreement.


 


The parties hereto acknowledge
and agree that any prior agreements between DBNY and Barclays related to the Notes shall terminate effective as of the date of
this Agreement and be of no further force and effect, and shall be superseded by this Agreement in all respects. Notwithstanding
the foregoing, DBNY and Barclays each hereby acknowledge and agree that Wells, pursuant to that Joinder Agreement dated May 7,
2018 (“Joinder”), has become a Lender under that certain Co-Lender Agreement, dated as of March 29, 2018, by
and between DBNY and Barclays (the “Co-Origination Agreement”) with all the rights and obligations of a “Lender”
thereunder. The parties further hereby acknowledge and agree that the terms of the Co-Origination Agreement (i) shall remain effective
until the Note A-6-1 Securitization Date and (ii) shall terminate and be of no further force and effect as of the Note A-6-1 Securitization
Date, on which date it shall be superseded by this Agreement in all respects. In the event of a conflict between this Agreement
and the Co-Origination Agreement prior to the Note A-6-1 Securitization Date, the terms of this Agreement shall govern.


 


[NO FURTHER TEXT ON THIS PAGE]


 






    -37- 


     


    

 


IN WITNESS WHEREOF, each
of the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder, the Note A-5 Holder, the Note A-6-1 and
the Note A-6-2 Holder has caused this Agreement to be duly executed as of the day and year first above written.


 





	 	Note A-1 Holder:
	 	 	 
	 	DEUTSCHE BANK AG, NEW YORK BRANCH
	 	 	 
	 	By:	/s/ NATALTE D. GRAINGER
	 	 	Name: NATALTE D. GRAINGER
	 	 	Title:   DIRECTOR
	 	 	 
	 	By:	/s/ MATT SMITH
	 	 	Name: MATT SMITH
	 	 	Title:   DIRECTOR


 


Signature Page
to 181 Fremont Co-Lender Agreement


 


     


     


    
 

	 	Note A-2 Holder:
	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION
	 	 	 
	 	By:	/s/ John  G. Nicol
	 	 	Name: John  G. Nicol
	 	 	Title:   Managing Director


 


Signature Page
to 181 Fremont Co-Lender Agreement


 


     


     


    

 

	 	Note A-3 Holder:
	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION
	 	 	 
	 	By:	/s/ John  G. Nicol
	 	 	Name: John  G. Nicol
	 	 	Title:   Managing Director


 


Signature Page
to 181 Fremont Co-Lender Agreement


 



 


     


     


    

 

	 	Note A-4 Holder:
	 	 	 
	 	DEUTSCHE BANK AG, NEW YORK BRANCH
	 	 	 
	 	By:	/s/ NATALIE D. GRAINGER
	 	 	Name: NATALIE D. GRAINGER
	 	 	Title:   DIRECTOR
	 	 	 
	 	By:	/s/ MATT SMITH
	 	 	Name: MATT SMITH
	 	 	Title:   DIRECTOR


 


Signature Page
to 181 Fremont Co-Lender Agreement


 


     


     


    

 

	 	Note A-5 Holder:
	 	 	 
	 	DEUTSCHE BANK AG, NEW YORK BRANCH
	 	 	 
	 	By:	/s/ NATALIE D. GRAINGER
	 	 	Name: NATALIE D. GRAINGER
	 	 	Title:   DIRECTOR
	 	 	 
	 	By:	/s/ MATT SMITH
	 	 	Name: MATT SMITH
	 	 	Title:   DIRECTOR


 


Signature Page
to 181 Fremont Co-Lender Agreement


 


     


     


    

 

	 	Note A-6-1 Holder:
	 	 	 
	 	BARCLAYS BANK PLC
	 	 	 
	 	By:	/s/ Sabrina Khabie
	 	 	Name: Sabrina Khabie
	 	 	Title:   Authorized Signatory


 


Signature Page
to 181 Fremont Co-Lender Agreement


 


     


     


    
 

	 	Note A-6-2 Holder:
	 	 	 
	 	BARCLAYS BANK PLC
	 	 	 
	 	By:	/s/ Sabrina Khabie
	 	 	Name: Sabrina Khabie
	 	 	Title:   Authorized Signatory




 


Signature Page
to 181 Fremont Co-Lender Agreement






     


     


    




 








EXHIBIT
A


 


MORTGAGE LOAN SCHEDULE


 


A.       Description of Mortgage
Loan


 


	Borrower:	181 Fremont Office LLC
	Mortgage Loan Origination Date:  	March 29, 2018
	Initial Principal Amount of Mortgage Loan:	$250,000,000
	Location of Mortgaged Property:	San Francisco, CA
	Current Use of Mortgaged Property:	Office building
	Mortgage Interest Rate:	3.7086%
	Stated Maturity Date:	April 6, 2031


 






     


     


    

 


B.       Description of Notes


 


	Mortgage Loan Origination Date:	March 29, 2018
	Initial Note A-1 Principal Balance:	$50,000,000
	Initial Note A-2 Principal Balance:	$58,000,000
	Initial Note A-3 Principal Balance:	$22,000,000
	Initial Note A-4 Principal Balance:	$30,000,000
	Initial Note A-5 Principal Balance:	$40,000,000
	Initial Note A-6-1 Principal Balance:	$30,000,000
	Initial Note A-6-2 Principal Balance:	$20,000,000
	Initial Note A-1 Percentage Interest:	20%
	Initial Note A-2 Percentage Interest:	20%
	Initial Note A-3 Percentage Interest:	12%
	Initial Note A-4 Percentage Interest:	12%
	Initial Note A-5 Percentage Interest:	16.67%
	Initial Note A-6-1 Percentage Interest:	12%
	Initial Note A-6-2 Percentage Interest:	8%
	Note A-1 Interest Rate:	3.7086%
	Note A-2 Interest Rate:	3.7086%
	Note A-3 Interest Rate:	3.7086%
	Note A-4 Interest Rate:	3.7086%
	Note A-5 Interest Rate:	3.7086%
	Note A-6-1 Interest Rate:	3.7086%
	Note A-6-2 Interest Rate:	3.7086%
	Note A-1 Default Interest Rate:	Lesser of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-1 Interest Rate
	Note A-2 Default Interest Rate:  	Lesser of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-2 Interest Rate
	Note A-3 Default Interest Rate:	Lesser of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-3 Interest Rate
	Note A-4 Default Interest Rate:	Lesser of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-4 Interest Rate
	Note A-5 Default Interest Rate:	Lesser of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-5 Interest Rate
	Note A-6-1 Default Interest Rate:	Lesser of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-6-1 Interest Rate
	Note A-6-2 Default Interest Rate:	Lesser of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-6-2 Interest Rate


 






     


     


    

 


		 A-6-2 Interest Rate







     


     


    

 


EXHIBIT B


 


Note A-1 Holder, Note A-4 Holder and Note A-5 Holder:


 


Deutsche Bank AG, New York Branch

60 Wall Street

New York, New York 10005

Attention: Robert Pettinato

Facsimile No.: (212) 797-4488

E-Mail: Robert.pettinato@db.com


 


with a copy to:


 


Deutsche Bank AG, New York Branch

60 Wall Street

New York, New York 10005

Attention: General Counsel


 


with a copy to:


 


Cadwalader, Wickersham & Taft
LLP

200 Liberty Street

New York, New York 10281

Attention: Anna Glick

Facsimile No.: (212) 504-6666


 






    B-1


     


    

 


Note A-2 Holder and A-3 Holder:


 


Wells Fargo Bank, National Association

375 Park Avenue, 2nd Floor

J0127-023

New York, New York 10152

Attention: A.J. Sfarra 


Email: Anthony.sfarra@wellsfargo.com



with a copy to:



Jeff D. Blake, Esq.

Senior Counsel

Wells Fargo Law Department

D1053-300

301 South College St.

Charlotte, North Carolina 28288 


Email: jeff.blake@wellsfargo.com


 


with a copy to (by email):


 


mike.jewesson@alston.com and peter.mckee@alston.com


 


Note A-6-1 Holder and A-6-2 Holder:


 


Barclays Bank PLC

745 Seventh Avenue

New York, New York 10019

Attention: Sabrina Khabie 


Facsimile No.: (212) 294-0299


 


with a copy to:


 


Reed Smith LLP

599 Lexington Avenue

New York, New York 10022

Attention: Jodi Schwimmer, Esq.


 






    B-2


     


    

 


EXHIBIT C


 


PERMITTED FUND MANAGERS


 


Westbrook Partners 


iStar Financial Inc. 


Capital Trust 


Archon Capital, L.P. 


Whitehall Street Real Estate Fund, L.P. 


The Blackstone Group 


Normandy Real Estate Partners 


Dune Real Estate Partners 


AllianceBernstein 


Rockwood 


RREEF Funds 


Hudson Advisors 


Artemis Real Estate Partners 


Apollo Real Estate Advisors 


Colony Capital, Inc. 


Praedium Group 


Fortress Investment Group, LLC 


Lonestar Opportunity Funds 


Clarion Partners 


Walton Street Capital, LLC 


Starwood Financial Trust 


BlackRock, Inc. 


Eightfold Real Estate Capital, L.P. 


KKR Real Estate Manager Finance LLC 


Rialto Capital Advisors, LLC 


Rialto Capital Management, LLC


 






    C-1